Stock Portfolio & Watch List Updates for June 2010

Following are the activity from the previous month:
  1. Initiated positions on Nokia (NOK) and Harris (HRS) with roughly 2% of our portfolio each.
  2. Wrote Sep 2010 43 Cash Covered Puts on Emerson Electric (EMR) at $2.35. The cash coverage requirement is about 2.2% of our total portfolio value.
The cash coverage requirements on the puts account for about 21% of our cash position. The cash position in our portfolio is pretty high at around 49%. We will continue to use cash-covered puts along with direct puchases spread-out over a period of time to build the portfolio.

A portion of the cash realized from the sale of our primary home and certain close-out payments from prior employers were used to build up a nest egg to fund the initial expenses for our expatriate living. The overall portfolio size is expected to go up by another 15 to 20% within the next few months, as part of this set-aside cash is put to work.

Below is our updated portfolio – it is aound 2% in the red:





































































































StockBuy DateBuy PriceCurrent PriceCurrent % Of PortfolioUnrealized % ReturnYield as % of Portfolio Value
Altria (MO) Various16.6920.021.2119.990.10
Philip Morris International (PM)1/4/200532.1945.911.8542.610.11
Kraft Foods (KFT)Various26.3330.012.4213.990.11
Pfizer (PFE)Various24.3715.211.53(37.58)0.07
ICICI Bank (IBN)5/18/2006 and 08/01/200825.2838.103.8450.740.17
Advantage Energy Fund (AAV)11/2/20063.857.050.7183.120.10
Central Europe & Russia Fund (CEE)Various39.2332.552.30(17.02)0.01
Itron Inc. (ITRI)11/07/200785.0167.581.36(20.60)None
Anthracite (ACPIQ – formerly AHR)11/09/20077.970.0080.00(99.90)0.00
iRobot (IRBT)12/18/200718.6521.561.7416.59None
LDK Solar (LDK)01/22/200830.496.180.37(79.73)None
Aegon N.V. (AEG)04/28/200815.996.120.37(61.72)0.00
Frontline Limited (FRO)10/06/200836.95 35.821.08(3.05)0.06
DryShips Incorporated (DRYS)02/09/20096.96 4.000.56(42.56)0.00
Plum Creek Timber (PCL)07/23/200930.50 37.303.0122.300.17
CPFL Energia S.A. (CPL)07/28/200950.45 68.042.7534.870.21
BP plc (BP)08/05/200951.49 31.761.28(38.32)0.10
AT&T (T)08/27/200926.38 25.432.05(3.62)0.13
Sysco Corporation (SYY)10/13/200925.23 31.112.5123.280.10
Exelon (EXC)12/30/200949.38 41.242.50(16.49)0.21
Telefonica SA (TEF) 02/09/201068.74 60.112.43(12.62)0.29
Vonage Holdings (VG) 04/06/20101.51 2.691.0977.630
Archer Daniels Midland (ADM)04/23/201028.27 27.192.19(3.84)0.09
Intel Corporation (INTC)04/23/201023.9821.402.16(10.76)0.11
Google Inc. (GOOG)05/03/2010528.36 500.032.02(5.36)0
Cardinal Health (CAH) 05/06/201034.42 35.772.163.920.08
Pearson PLC (PSO) 05/06/201014.32 14.252.01(0.51)0.19
Nokia (NOK) 05/14/201010.358.901.80(14.01)0.17
Harris (HRS) 06/07/201045.65 48.491.966.220
Cash








48.73





Total Portfolio











(2.19)2.62




Below is a summary of transactions during the year:


























StockBuy DateBuy PriceSell DateSell Price% Gain (Loss)% Portfolio Return*
Ameritrade (AMTD) 5/21/2008 17.69 01/19/2010 17.45 (1.33) (0.02)
AMTD Jan 17.5 Covered Calls (TQAAW) 1/19/2010NA 9/10/2009 NA NA0.22
COST Jan 60 Covered Calls (PRQAL) 1/19/2010NA 9/10/2009 NA NA0.06
IBN Mar 40 Covered Calls (ITZCN) 1/22/2010NA 10/06/2009 NA NA0.20
Costco (COST) 8/01/2009 62.27 02/09/2010 58.18 (6.57) (0.08)
Realized Gain/(Loss) YTD-----0.04



  • % 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.


We have covered calls written against 40% of our ICICI Bank (IBN) shares (Sep 2010 40) and 100% of our Advantage Energy Fund (AAV) shares (Aug 2010 7.5). We also have cash covered puts on Glaxo (GSK) shares (Jan 2011 35), Nucor Steel (NUE) shares (Jan 2011 40), Nutrisystem (NTRI) shares (Sep 2010 17.5), and Emerson Electric (EMR) shares (Sep 2010 43) with a cash requirement of about 21% of our cash position.

We added Brown-Foreman (BF-B), Caterpillar (CAT), and Pitney Bowes (PBI) to our watch list. Those replace Nokia (NOK), Pearson PLC (PSO), and Emerson Electric (EMR) on which we initiated positions last month. Our current watch list follow –Automatic Data Processing (ADP), Air Products & Chemicals (APD), Becton Dickinson (BCK), Brown-Foreman (BF-B), BHP Billiton (BHP), Caterpillar (CAT), Cresud (CRESY), Disney (DIS), AgFeed (FEED), Goldman Sachs (GS), Home Depot (HD), McDonalds (MCD), China Nepstar (NPD), NYSE Euronext (NYX), Owens & Minor (OMI), Pitney Bowes (PBI), Qiagen (QGEN), UPS (UPS), VF Corporation (VFC), and Waste Management (WM).

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