Monday, February 19, 2007

Amateurish Error of Omission

I just noticed that Lesco is getting acquired by Deere & Co for $14.50 a share. It's usually a happy occasion when a stock of mine gets acquired, but not this time. Not only is Deere buying a company from under me at a 10% discount to my intrinsic value estimate of $16.70, but I only bought 1/3 the total number of shares I originally wanted to buy. This is a HUGE error of omission. I should have backed up the truck when this dipped to the low 10s last week. Another case of shoulda, coulda, but didn't.

This experience shows me how horrible I am at asset allocation and that I need to take quick action when my processes tell me that a rebalancing is in order. For the last three weeks, I've been dragging my feet on adding to the four stocks I listed in my previous post, mainly because I was pretty much fully invested in my portfolio. My last few posts have been all about rebalancing my portfolio, but I haven't taken any action. The only bright side to all this is the hope that my quality large cap positions will eventually pay me many times over than this fast 40% gain in LSCO that I missed. The gains on LSCO are now capped compared to my other positions. If LSCO gets much closer to my $16.70 valuation, I am going to sell it to buy some more Crown Crafts (CRWS).

Sigh, such is life...

13 Comments:

Anonymous Anonymous said...

Hey bud, are you going to have a chance to throw your DCF spreadsheet up soon?

Been looking forward to it..

ps. Have you been buying any of the names you mentioned?

9:32 PM  
Anonymous Anonymous said...

Hello !.
You re, I guess , probably curious to know how one can manage to receive high yields .
There is no need to invest much at first. You may start earning with as small sum of money as 20-100 dollars.

AimTrust is what you need
The firm incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with offices around the world.
Do you want to become a happy investor?
That`s your choice That`s what you wish in the long run!

I feel good, I began to get income with the help of this company,
and I invite you to do the same. It`s all about how to choose a correct partner utilizes your savings in a right way - that`s it!.
I take now up to 2G every day, and my first investment was 500 dollars only!
It`s easy to start , just click this link http://egegopeh.virtue.nu/hefawaju.html
and go! Let`s take this option together to get rid of nastiness of the life

9:45 PM  
Anonymous Anonymous said...

Good day !.
might , probably curious to know how one can collect a huge starting capital .
There is no need to invest much at first. You may begin to get income with as small sum of money as 20-100 dollars.

AimTrust is what you haven`t ever dreamt of such a chance to become rich
The firm represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with structures everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your choice That`s what you wish in the long run!

I`m happy and lucky, I started to take up income with the help of this company,
and I invite you to do the same. If it gets down to select a proper companion utilizes your savings in a right way - that`s it!.
I earn US$2,000 per day, and my first deposit was 1 grand only!
It`s easy to get involved , just click this link http://upebobepaj.virtue.nu/rytaqys.html
and lucky you`re! Let`s take this option together to become rich

5:11 AM  
Anonymous Anonymous said...

Hi !.
You may , perhaps very interested to know how one can collect a huge starting capital .
There is no need to invest much at first. You may commense to get income with as small sum of money as 20-100 dollars.

AimTrust is what you thought of all the time
AimTrust represents an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.

Its head office is in Panama with offices around the world.
Do you want to become a happy investor?
That`s your choice That`s what you really need!

I`m happy and lucky, I began to get real money with the help of this company,
and I invite you to do the same. If it gets down to choose a correct partner utilizes your money in a right way - that`s the AimTrust!.
I take now up to 2G every day, and my first investment was 500 dollars only!
It`s easy to join , just click this link http://epetywib.envy.nu/rosiwur.html
and lucky you`re! Let`s take our chance together to become rich

12:35 PM  
Anonymous Anonymous said...

Good day, sun shines!
There have were times of troubles when I didn't know about opportunities of getting high yields on investments. I was a dump and downright pessimistic person.
I have never imagined that there weren't any need in large initial investment.
Nowadays, I'm happy and lucky , I started take up real money.
It gets down to select a proper partner who uses your money in a right way - that is incorporate it in real business, parts and divides the income with me.

You can get interested, if there are such firms? I have to answer the truth, YES, there are. Please be informed of one of them:
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]

2:10 AM  
Anonymous Anonymous said...

Good day, sun shines!
There have been times of hardship when I felt unhappy missing knowledge about opportunities of getting high yields on investments. I was a dump and downright stupid person.
I have never thought that there weren't any need in big starting capital.
Now, I'm happy and lucky , I started to get real income.
It's all about how to choose a correct companion who uses your funds in a right way - that is incorporate it in real deals, parts and divides the profit with me.

You can get interested, if there are such firms? I have to answer the truth, YES, there are. Please be informed of one of them:
http://theinvestblog.com [url=http://theinvestblog.com]Online Investment Blog[/url]

8:07 PM  
Anonymous zoabrain said...

Check out the DCF calculator at www.stockzoa.com

I recently did a DCF of MSFT at http://www.stockzoa.com/portfolio/dcf/MSFT/MTEmNyY3JjUm

11:04 PM  
Anonymous zoabrain said...

discounted cash flow analysis of Microsoft

11:06 PM  
Blogger oakleyses said...

coach purses, louis vuitton, louis vuitton outlet, ray ban sunglasses, michael kors outlet, coach outlet, michael kors outlet, oakley sunglasses cheap, kate spade outlet, prada handbags, oakley sunglasses, ray ban sunglasses, tiffany and co, chanel handbags, oakley sunglasses, louboutin, burberry outlet, polo ralph lauren outlet, michael kors outlet, michael kors outlet, tiffany and co, burberry outlet, nike free, coach outlet store online, gucci outlet, louis vuitton handbags, longchamp outlet, louis vuitton outlet stores, michael kors outlet, air max, polo ralph lauren outlet, louboutin outlet, true religion jeans, true religion jeans, kate spade handbags, longchamp handbags, tory burch outlet, jordan shoes, louis vuitton outlet, christian louboutin shoes, nike shoes, michael kors outlet, air max, coach factory outlet, prada outlet, longchamp handbags, louboutin

4:28 PM  
Blogger oakleyses said...

jimmy choo outlet, ugg boots, new balance shoes, birkin bag, vans shoes, soccer jerseys, canada goose, north face jackets, chi flat iron, mcm handbags, canada goose uk, insanity workout, ugg pas cher, asics running shoes, instyler, nike huarache, p90x, giuseppe zanotti, bottega veneta, valentino shoes, nike roshe run, ferragamo shoes, canada goose, moncler, abercrombie and fitch, herve leger, hollister, nfl jerseys, soccer shoes, longchamp, mont blanc, mac cosmetics, ugg australia, lululemon outlet, ugg, babyliss pro, rolex watches, canada goose outlet, marc jacobs, north face outlet, celine handbags, ugg boots, ghd, reebok outlet, wedding dresses, beats by dre, canada goose, uggs outlet, canada goose jackets

4:38 PM  
Blogger oakleyses said...

coach purses, louis vuitton, louis vuitton outlet, ray ban sunglasses, michael kors outlet, coach outlet, michael kors outlet, oakley sunglasses cheap, kate spade outlet, prada handbags, oakley sunglasses, ray ban sunglasses, tiffany and co, chanel handbags, oakley sunglasses, louboutin, burberry outlet, polo ralph lauren outlet, michael kors outlet, michael kors outlet, tiffany and co, burberry outlet, nike free, coach outlet store online, gucci outlet, louis vuitton handbags, longchamp outlet, louis vuitton outlet stores, michael kors outlet, air max, polo ralph lauren outlet, louboutin outlet, true religion jeans, true religion jeans, kate spade handbags, longchamp handbags, tory burch outlet, jordan shoes, louis vuitton outlet, christian louboutin shoes, nike shoes, michael kors outlet, air max, coach factory outlet, prada outlet, longchamp handbags, louboutin

4:40 PM  
Blogger oakleyses said...

coach purses, louis vuitton, louis vuitton outlet, ray ban sunglasses, michael kors outlet, coach outlet, michael kors outlet, oakley sunglasses cheap, kate spade outlet, prada handbags, oakley sunglasses, ray ban sunglasses, tiffany and co, chanel handbags, oakley sunglasses, louboutin, burberry outlet, polo ralph lauren outlet, michael kors outlet, michael kors outlet, tiffany and co, burberry outlet, nike free, coach outlet store online, gucci outlet, louis vuitton handbags, longchamp outlet, louis vuitton outlet stores, michael kors outlet, air max, polo ralph lauren outlet, louboutin outlet, true religion jeans, true religion jeans, kate spade handbags, longchamp handbags, tory burch outlet, jordan shoes, louis vuitton outlet, christian louboutin shoes, nike shoes, michael kors outlet, air max, coach factory outlet, prada outlet, longchamp handbags, louboutin

4:41 PM  
Anonymous Anonymous said...

2015-9-28 xiaozhengm
Designer Handbags Louis Vuitton
Authentic Louis Vuitton Monogram Handbag
Abercrombie and Co Stoves and Awnings
louis vuitton handbags
michael kors handbags
Outlet Michael Kors Online
Nike Lebron James Shoes For Sale
Louis Vuitton Bags On Sale Cheap
michael kors outlet
nike trainers
Prescription Oakley Sunglasses Wholesale
Louis Vuitton Outlet Quality Handbags
jordans for sale
coach factory outlet
Michael Kors Outlet Handbags Wholesale
coach outlet store online
Authentic Louis Vuitton Handbags Outlet
Authentic Coach Factory Outlet Online
Christian Louboutin Outlet Authentic Sneakers Online
michael kors bags
Air Jordan 3 "Infrared 23"
Michael Kors Online Store Outlet
oakley sunglasses,oakley vault,prescription sunglasses,polarized sunglasses,aviator sunglasses,spy sunglasses,oakleys,oakley canada,cheap oakley sunglasses,oakley frogskins,oakley holbrook,cheap sunglasses,wayfarer sunglasses,oakley standard issue,fake oakleys,oakley glasses,oakley.com,oakley prescription glasses,oakley goggles,sunglasses for men,oakley gascan,oakley store,oakleys sunglasses
Michael Kors Outlet Discount Purses Online
uggs on sale
true religion outlet
Louis Vuitton Outlet Factory Online
Authentic Gucci Factory Outlet
Abercrombie & Fitch Kids Clothing

7:22 PM  

Post a Comment

<< Home