Wednesday, February 22, 2006
It's good to be a Marshian
Although up until recently it really sucked to be a Marshian. However, today the stock of Marsh Supermarkets soared after the company announced in its earnings release that a recent appraisal of its real estate holdings revealed that their estimated market value exceeds their book value by $100 to $150 million. Not bad for a $70 million company that is already trading below tangible book. Unfortunately, even with today's surge, I'm still underwater on this position, so hopefully the stock will continue to move higher in the days ahead. Largely because of Marsh, my portfolio gained 1.7 percent for the day, taking it to an all time high.
In other news, I will be travelling on business in Asia over the next 2 weeks so I won't be able to post to the blog regularly. However, I'll try to post a few entries here and there, especially if something noteworthy happens in my portfolio.
In other news, I will be travelling on business in Asia over the next 2 weeks so I won't be able to post to the blog regularly. However, I'll try to post a few entries here and there, especially if something noteworthy happens in my portfolio.
# posted by Stockcoach @ 8:31 PM 
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I enjoy your posts and stock picks. You are 10 times better than Cramer.
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# posted by 
: 10:15 PM, February 22, 2006
: 10:15 PM, February 22, 2006 << Home
