- posted 10 years ago
A year ago discussion about mutual funds, risk and diversification, v. stock picking, prompted me to slap together 10 stocks (for the benefit of those from Missouri). There was also discussion about the end of the world. It has not quite been 365 days, but I added up some numbers today for the trailing earnings (about four hours, including reading about the businesses). Next year looks to be better than this year, but managements are marginally cautious, for the most part.
Most importantly, the earnings of the portfolio dropped from $8,838 to $6,938. Those are roughly comparable after GAAP and non-GAAP adjustments, continuing ops, mergers and acquisitions, share repurchases, and so on. The PE has increased from 11 to 21. Of the five dividend paying stocks, four increased, one lowered. Total payout $1,747.
Comparative performance was less than I actually expected, but the market has risen more than I expected, Seven stocks outperformed the market, three under-performed. I should'a ....