Bought 100 Shares of Avalonbay Communities This morning, the Value Investment Fund purchased 100 shares of Avalonbay Communities Inc. The Fund paid $160 per share plus a $1.00 fee. In addition, the Fund utilized the margin account and paid a 2% fee. Thus, the total basis in this transactions is as follows: Market Price …
Bought 400 Shares – Wells Fargo On 03/15/23 at 3:10 PM, the Fund purchased 400 shares of Wells Fargo. The Fund used the proceeds from the Comerica sale to buy into a position with Wells Fargo. The Fund paid $39.51 per share including transaction fees of $1 per share. Total investment was $15,804. The Fund …
Sold PUT Contract for Essex Property Trust This morning, the Value Investment Fund a PUT contract on Essex Property Trust for 100 shares. The contract is for $10 a share netting $9 per share after fees of $1 per share. The expiration date is set for October 20, 2023 with a strike price of $200.00 …
Sold Comerica Bank Two Hours Later One of the advantages of value investing utilizing pools of similar stocks from a single industry is that every now and then, like once a decade, a unique opportunity will present itself to take advantage of the knowledge and hard financial analysis work one does. In this case, it …
Bought Comerica Bank Today, the Value Investment Fund took advantage of the chaos in the banking industry and purchased 1,200 shares of Comerica Bank after the the share price dropped below $30 per share. Purchase occurred at 10:15 AM. Total cash requirement including the $1 fee per share was $37,188.00. The Fund used it’s margin …
Sold PUTS at Year End 2022 The Value Investment Fund sold the following PUT contracts; the corresponding schedules validate the market prices. Company Expiration Date Strike Price Sale Price Net #of Shares Net Earnings …
Sold Wells Fargo Position Yesterday at 10:17 AM, the Value Investment Fund sold its position in Wells Fargo in preparation for two sets of PUTs that the Fund will have to comply with the terms of the PUT contracts. Earlier this year, the Value Investment Fund sold two separate batches of PUTs in Essex Property …
Purchased 100 Shares of Essex Property Trust, Inc. On Friday afternoon, just prior to market closing, this site’s Value Investment Fund purchased 100 shares of Essex Property Trust, Inc. at $221.21 per share. With the $1 per share transaction fee, total investment was $22,221. This transaction acts as an insurance purchased against the existing PUTs …
Purchased 100 Shares of Essex Property Trust, Inc. Read More »
Sold PUTs on Norfolk Southern Railroad This morning, 09/29/22 at 10:37 AM, the Value Investment Fund sold 200 PUTs on Norfolk Southern Railroad at $6.20 netting $5.20 each after transaction fees. These PUTs have a strike price of $145 each and expire on January 19, 2024. The Fund uses options, specifically PUTs, to augment the …
Overall, the Value Investment Fund is performing remarkably well in relation to the balance of the market during the first six months of 2022. This is even with the error associated with the failure to sell Wells Fargo back in second week of January. Overall, the market is down at least 15% as indicated by the DOW; this reflects the top 30 companies. The reality is that the market overall is down about 21% (S&P 500, S&P Composite 1500) since January 1, 2022. The S&P 500 and Composite 1500 are a more conservative comparative indices to this Fund’s selection pool of investments. As stated above, if using the NASDAQ 100, the Fund is simply crushing the market with Fund down 5% and the NASDAQ 100 down 29%.
