Editor's note: "Bricks and Mortar" is a mock portfolio created by Senior Writer Nicholas Yulico that is meant to help generate real estate and gaming-related stock ideas. In keeping with TSC's editorial policy, Yulico doesn't own or short individual stocks.The Atlantic City casino market remains a mess, with gaming revenues falling 10% at the city's casinos in March from a year earlier.
|Bricks and Mortar Portfolio
A Look at How Nicholas Yulico's Picks Have Performed
|Rating Date||Price at Rating||Rating||Current Price*||Total Return**||year end 07 price||2008 YTD Return|
|Brookfield Properties (BPO)||1/23/2007||28.67||Own||19.47||-32.1%||19.25||1.1%|
|Global Real Estate ETF (RWX)||1/23/2007||64.00||Own||53.72||-16.1%||56.95||-5.7%|
|Penn National (PENN)||2/6/2007||45.56||Own||42.64||-6.4%||59.55||-28.4%|
|Melco PBL (MPEL)||3/12/2007||15.46||Own||13.42||-13.2%||11.56||16.1%|
|Starwood Hotels (HOT)||7/12/2007||72.37||Own||49.35||-31.8%||44.03||12.1%|
|Home Depot (HD)||1/30/2008||29.71||Own||27.67||-6.9%||-6.9%|
|Average Total Portfolio Return, Unweighted, (including closed ratings)||16.8%||3.5%|
|Closed Ratings||Rating Date||Price at Rating||Rating||Closing Price***||Return**|
|Home Solutions of America (HSOA)||4/24/2007||4.98||Flag||1.06||78.7%|
|Standard Pacific (SPF)||10/26/2007||5.25||Flag||2.20||58.1%||3.35||34.3%|
|Close At Start of Portfolio||Current Value*|
|U.S. MSCI REIT Index||1140.36||896.39||-21.4%||870.64||3.0%|
|*(4/9/08 closing prices)
**For "flagged" stocks, a drop in price is tracked as a positive for the portfolio, and a rise in price is a negative.
***Hilton closed out of portfolio on 10/26/07 because Blackstone Group completed purchase of firm.
HSOA closed out of portfolio on 12/26/07 at day's closing price
SPF closed out of portfolio on 1/11/07 at day's closing price