Monday, December 20, 2004
New addition to my portfolio
The week started on a sour note, with my portfolio down $1600. I also added a new stock to my portfolio: STRC. Like most stocks that I own, it's a "deep value" stock, trading at 70 percent of tangible book value and 30 percent of annual revenue, but still profitable. Despite a "weak pricing environment", as the last earnings report describes it, the company is generating good cash flow, which allowed it to generate enough free cash last year to pay off $5 million in debt.