Purchased iRobot (IRBT)

We purchased iRobot (IRBT) at $18.65 per share yesterday. iRobot is a maker of vacuuming and other specialized robots for residential and military applications. The stock rallied yesterday after it won a US military contract worth $286M over 5 years for bomb-disarming robots, parts, and training.

To accommodate this purchase, we sold Asure Software (ASUR) at $0.95 per share for a short-term loss of almost 30% during a period of 2 months. The stock experienced a slow decline during the period and the earnings yesterday didn’t inspire a rally.

The list of stock/options sold during the year and the gain/losses are listed below:

Stock	Buy Date	Buy Price	Sell Date	Sell Price	% Gain (Loss)	% Portfolio Return*
Harrah’s (HET)	10/2/2006	75.61	8/7/2007	83.68	10.66	0.62
St. Joe (JOE)	8/7/2007	39.4	8/8/2007	41.8	6.23	0.47
Google (GOOG)	3/14/2007	441	8/10/2007	515.99	16.86	1.14
LOCM (LOCM)	8/10/2007	5.47	9/17/2007	6.094	11.31	0.71
PetroChina (PTR)	9/12/2006	106	10/1/2007	188.5	78.14	2.83
PetroChina (PTR)	9/12/2006	106	10/3/2007	178.05	68.39	2.2
ValueClick (VCLK)	9/12/2007	19.4	10/12/2007	28.28	45.79	3.38
Canetic Resources (CNE)	11/2/2006	13.95	10/26/2007	15.88	13.78	1.06
Harvest Energy (HTE)	11/2/2006	23.46	11/9/2007	26.39	12.5	0.95
Canadian Solar (CSIQ)	10/30/2007	10.60	11/21/2007	14.30	34.9	2.82
Frontier Ltd. (FRO)	10/26/2007	43.51	11/28/2007	46.62	7.15	0.47
Asure Software (ASUR)	10/05/2007	1.31	12/18/2007	0.95	28.78	(1.46)
Suntech March 45 Call	-	-	10/15/2007	5.00	-	-
TSM April 12.5 Call	-	-	10/18/2007	0.35	-	-
Realized Gain/(Loss) YTD	-	-	-	-	-	15.19

• % Gain/Loss Relative to Portfolio Value at Beginning of Year + Deposits
• The table assumes realization of profits associated with selling options only after the option is exercised or expiry.

Here is our updated Stock Portfolio:

Stock	Buy Date	Buy Price	Current Price	Current % Of Portfolio	Unrealized % Return	Current Yield
Philip Morris (MO)	1/4/2005	46.54	75.93	8.55	63.15	4.29
Kraft Foods (KFT)	1/4/2005	21.11	33.05	2.57	56.53	3.15
Plum Creek Timber (PCL)	5/12/2005	35.5	45.16	7.63	27.20	3.74
Pfizer (PFE)	2/6/2006	25.15	23.27	-5.26	(7.10)	4.63
ICICI Bank (IBN)	5/18/2006	27.57	58	9.79	110.35	0.92
Taiwan Semi (TSM)	7/27/2006	8.71	9.67	5.44	11.01	3.4
Advantage Energy Fund (AAV)	11/2/2006	11.22	9.22	3.37	(17.86)	15.03
SunTech Power (STP)	3/14/2007	36.73	45	5.77	22.53	0
Central Europe & Russia Fund (CEE)	6/28/2007	51.5	64.05	5.41	24.21	9.6
Patni Computers (PTI)	8/10/2007	20.85	15.74	4.43	(24.57)	0.64
Bank Of Ireland (IRE)	10/1/2007	76.43	57.76	-4.06	(24.43)	4.5
Itron Inc. (ITRI)	11/07/2007	85.01	79.39	4.47	(6.72)	0
Anthracite (AHR)	11/09/2007	7.97	7.84	4.41	(1.63)	0
ClickSoftware (CKSW)	11/09/2007	4.61	3.36	1.89	(27.11)	0
LDK Solar (LDK)	11/21/2007	30.30	70	19.70	131.02	0
Harvest Energy (HTE)	11/28/2007	21.01	20.27	4.56	(3.54)	17.2
iRobot (IRBT)	12/18/2007	18.65	17.88	3.27	(4.13)	17.2
Cash				0.11
Total Portfolio					24.24

• For SunTech Power (STP), we wrote a call option for March 45 (see first table) and so the price is listed as $45 as we won’t participate in the appreciation beyond that plus the premium received.

A detailed analysis of iRobot will follow.

Related Readings:

1. Top 20 Small Cap Stocks In Our Radar
2. iRobot Roomba 5-Series Review (530, 535, 550, 560, 570, 580).