This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

The Long Term GARP Portfolio Delivers In April

By Yale Bock

The Long Term GARP investment portfolio rose 1.2% (net of fees) in the month of April 2013, which was better than the S&P 500 Index performance of 1.8%. Many companies in the portfolio reported good earnings and also provided strong guidance for the remainder of 2013.

We believe a primary way to build the asset value of a portfolio is to own companies which grow their revenues and earnings quarter after quarter, year after year. Every portfolio is trying to accomplish this task and those enterprises which show growth with their results ultimately get rewarded. There were a few hiccups this quarter, but in general, the companies in the portfolio had a nice quarter.

Liberty Interactive (LINTA) is the owner of QVC,, Provide Commerce,, and, and has large passive minority positions in other large, well known internet based business like the Home Shopping Network.

Liberty Interactive gained a majority stake in TripAdvisor when it bought out Barry Diller’s voting shares. The shares are attributed to the tracking stock* of Liberty Ventures Group (LVNTA).  Liberty Interactive will report earnings on May 8, 2013.

Iconix Brands (ICON) is the owner of a broad range of well known brands like OP, Mossimo, Joe Boxer, Peanuts, and Sharper Image. Iconix Brands announced strong results for the first quarter of 2013, and increased their guidance for the rest of the year.

Quest Diagnostics (DGX) is the largest health care diagnostic testing company in the United States. The company again showed disappointing earnings and guidance in April, but did raise their repurchase plans for 2013.

Intuit (INTU) announced the tax reporting period for 2013 was a bit soft. The company will report earnings on May 21, 2013. Starbucks is the largest coffee and tea company in the world. It reported strong earnings on April 25, 2013.

Liberty Media (LMCA) has assets inside a holding company structure that includes Starz Media, the Atlanta Braves, 50% ownership of Sirius Satellite (SIRI), almost 20% ownership of Live Nation (LYV), 16% ownership of Barnes & Noble, and a few other non controlling positions of small public and private enterprises.

Liberty Media announced that it increased its stake in Sirius (SIRI) Satellite Radio to over 50% and increased its position in Live Nation (LYV). The company reports earnings on May 8, 2013.

VCA Antech (WOOF) is the second largest owner of animal hospitals in the United States and also owns laboratories for the diagnostic testing of animals. The company announced good first quarter earnings, continues to buy existing animal hospitals, and announced a $125 million buyback.

IAC Interactive (IACI) owns,, Meetic, Service Magic, Vimeo,, and the Daily Beast, among other web sites. The company announced solid results on April 30,2013, bought back 1.4 million shares during the quarter, and initiated a new 10 million share buyback program.

Moneygram International (MGI) is the second largest money transfer and bill payment company behind Western Union. The company reported good earnings on May 2, 2013. British Petroleum (BP) announced better than expected earnings for the 1st quarter of 2013.

Unilever (UL) is a massive food company based in the UK that gets over half of its nearly $50 billion of sales in the emerging markets of Asia and Africa. Unilever reported a good quarter and raised the dividend by over 10%.

If you would like to open a mirroring account at for the Y H & C Long Term GARP Portfolio, please click here.

*A tracking stock is a type of common stock that "tracks" or depends on the financial performance of a specific business unit or operating division of a company—rather than the operations of the company as a whole. Tracking stocks trade as separate securities. As a result, if the unit or division does well, the value of the tracking stock may increase—even if the company as a whole performs poorly. The opposite may also be true.

The investments discussed are held in client accounts as of April 30, 2013. These investments may or may not be currently held in client accounts. The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or investment decisions we make in the future will be profitable.

Yale Bock

Yale Bock

Founded by Yale Bock, Y H & C Investments is a registered investment advisor with the State of Nevada. Yale

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 0.00%
FB $104.07 0.00%
GOOG $683.57 0.00%
TSLA $162.60 0.00%
YHOO $27.97 0.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs