Month: February 2020

Railroad Stocks – Analysis 02/15/2020

In addition, the price to book ratios are also higher than last quarter.  The key question for me and this fund is figuring out if there is value in any of the stocks.  To do this, I must fill out a table of various preferred ratios and then explain them in a write-up.  This way the reader will understand my reasoning as I write about it further

Railroad Fund – Status on 01/31/2020

During the last 30 days, the fund held 13.52375 shares (original investment of $2,500) and sold them on 01/17/2020 at 9:40 AM when the price in the market hit the target under the value investment principle at $207.17.  The value investing principle (simply stated) required the share price to hit the prior peak price which was $206.46.  However, on that morning, the share price instantly jumped past $206.46 to $207.17 triggering the sale of the stock.  The gain on the sale net of costs of $1.00 per share to buy and $1.00 per share to sell was $288.19.  The stock was purchased on 10/23/19 at $183.86.

Retainage in Construction – Purpose, Accounting and Law

A tool used by a developer, contractor or homeowner to keep the primary party committed to getting the project completed is called ‘retainage’. In effect, retainage means to withhold a small percentage of all payments made until all the work is done. The idea is prevent the contractor, subcontractor or vendor from earning their respective profit until they have completed their agreed upon service. 

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