Friday, August 19, 2005
A strong end to a good week, as my portfolio gained about $4,000 today to finish the week up $6,595 (1.3 percent), which compares nicely to the S&P 500 (down 0.9 percent), the NASDAQ (down 1 percent), and the Russell 2000 (down 1.1 percent). I picked up a new stock today: VTEK. The company is profitable, has a healthy balance sheet, an active buyback program, and is in a sector that I think could get "hot" this year: VOIP. VTEK's last earnings report left some investors disappointed. But a careful reading of the press release clearly indicates that there was shift of revenues from the prior quarter to this quarter. That bodes well for when they report this quarter's numbers in a couple months time.