The MCG Capital Rights (MCGCR), which was available to trade in our brokerage account (TD Waterhouse) as of yesterday, was sold immediately as we do not expect to exercise the option to buy the shares. These rights were expected to be available for trading on March 26, 2008 but it did not get transferred to our account until yesterday. We also initiated a position in Cypress Semiconductor Corporation (CY). As mentioned in our analysis, these shares are trading at a discount when considering its ownership of SunPower (SPWR).
Below is our updated portfolio:
| Stock | Buy Date | Buy Price | Current Price | Current % Of Portfolio | Unrealized % Return | Current Yield |
| Altria (MO) | Various | 16.69 | 22.08 | 4.38 | 32.33 | 5.1 |
| Philip Morris International (MO) | 1/4/2005 | 32.19 | 51.21 | 5.61 | 59.07 | 3.90 |
| Kraft Foods (KFT) | Various | 24.03 | 31.58 | 4.18 | 31.40 | 3.30 |
| Plum Creek Timber (PCL) | 5/12/2005 | 35.5 | 40.84 | 8.11 | 15.03 | 3.60 |
| Pfizer (PFE) | Various | 24.37 | 21.51 | 7.12 | (11.73) | 6.2 |
| ICICI Bank (IBN) | 5/18/2006 | 27.57 | 39.45 | 7.83 | 43.07 | 0.80 |
| Taiwan Semi (TSM) | 7/27/2006 | 8.71 | 10.51 | 6.96 | 20.85 | 3.60 |
| Advantage Energy Fund (AAV) | 11/2/2006 | 11.22 | 11.35 | 4.88 | 1.12 | 16.80 |
| SunTech Power (STP) Call Value | 3/14/2007 | 36.73 | 45 | 5.96 | 22.53 | None |
| Central Europe & Russia Fund (CEE) | Various | 51.03 | 48.14 | 6.37 | (5.67) | 17.90 |
| Patni Computers (PTI) | 8/10/2007 | 20.85 | 12.16 | 4.02 | (41.72) | 0.80 |
| Itron Inc. (ITRI) | 11/07/2007 | 85.01 | 96.82 | 6.41 | 13.76 | None |
| Anthracite (AHR) | 11/09/2007 | 7.97 | 6.98 | 4.62 | (12.42) | 15.60 |
| ClickSoftware (CKSW) | 11/09/2007 | 4.61 | 2.89 | 1.91 | (37.31) | None |
| Harvest Energy (HTE) | 11/28/2007 | 21.01 | 23.23 | 6.15 | 10.54 | 16.30 |
| iRobot (IRBT) | 12/18/2007 | 18.65 | 18.07 | 3.89 | (3.11) | None |
| MCG Capital (MCGC) | Various | 10.86 | 8.46 | 4.48 | (22.12) | 15.00 |
| LDK Solar (LDK) | 01/22/2008 | 30.49 | 30.09 | 5.97 | (1.32) | None |
| Cypress Semiconductor Corporation (CY) | 04/02/2008 | 24.89 | 24.80 | 5.43 | (0.38) | None |
| Cash | 14.31 | |||||
| Total Portfolio | 4.11 |
- For SunTech Power (STP), we wrote a covered call option for 2008 June 45 on 4/1/2008 at $4.30.
- For Taiwan Semiconductor (TSM), we wrote a covered call option for 2008 April 12.5 at $0.35 on 10/18/2007.
- For Altria and Philip Morris International, assumed spin-off ratio of 30.83:69.17. Altria to yet to supply the cost-basis info
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