With earnings season upon us I have been paying a little attention to some of the stocks that I own. To be more specific, I have been paying attention to the stocks that I own that I control. For the most part I leave the handling of my stock portfolio to professionals. But I like to keep a little chunk in play money so that I can invest as I see fit. Currently there are four stocks in the mix.
ELNK. I still own EarthLink stock that I acquired pre-MindSpring IPO. Since I left the company I have mostly unwound my position, but still have a little. They reported a loss of $.20 while analysts were expecting a loss of $.16. With the bets they have placed on muni and Helio there are many unknowns. Call me loyal, I continue to hold.
JOE. After flipping a property in the panhandle in 2005, making an investment in Joe seemed a little less risky then making another go at that. Joe is one Florida’s largest real estate development companies. They “make places“. Purchased the stock at $60 that October. Things were looking ugly for a while but it worked it way back to the $59 range recently. They announced, beat expectations and the stock is in the $62 range. Holding.
KNOL. Knology is an ITC company. They are a cable overbuilder offering triple play services. I bought the stock after meeting Rodger Johnson in 2004. He had a plan. He has executed on it and the stock has gone from $3 to over $13. Earnings are a few weeks out. When I like the price on Whole Foods, I may sell a portion of Knology to lock in the gain.
SCUR. Came into this via my time at CipherTrust. They knocked it out of the park last quarter and the stock shot up 25% on Monday. My shares are restricted so I hold. I can see the stock making its way to $15. The Motley Fool likes SCUR a lot and has them in the running for best tech stock of 2007.