In other mock portfolio news, Trump Entertainment ( TRMP) shares reached a new 52-week low this week on news that Dale Black, the company's CFO, has left the firm to work for another casino company, Isle of Capri ( ISLE). This is now the second key executive to leave Trump this year, after CEO Jim Perry resigned earlier this year. I continue to recommend that investors avoid buying this name, which I flagged as overvalued back in late January, when the stock was $17.50. At around $4.50 now, I must admit the shares may be nearing a bottom. But investors should first wait for signs that the Atlantic City gambling market is recovering before touching this stock.
|Bricks and Mortar Portfolio |
A Look at How Nicholas Yulico's Picks Have Performed
|Rating Date||Price at Rating||Rating||Current Price*||Return**|
|Brookfield Properties (BPO)||1/23/2007||28.67||Own||20.33||-29.1%|
|Global Real Estate ETF (RWX)||1/23/2007||64.00||Own||60.91||-4.8%|
|Penn National (PENN)||2/6/2007||45.56||Own||58.51||28.4%|
|Melco PBL (MPEL)||3/12/2007||15.46||Own||13.27||-14.2%|
|Home Solutions of America (HSOA)||4/24/2007||4.98||Flag||1.53||69.3%|
|Starwood Hotels (HOT)||7/12/2007||72.37||Own||52.80||-27%|
|Standard Pacific (SPF)||10/26/2007||5.25||Flag||3.10||41%|
|Average Total Portfolio Return, Unweighted, (including closed ratings)||23.1%|
|Closed Ratings||Rating Date||Price at Rating||Rating||Closing Price***||Return**|
|Close At Start of Portfolio||Current Value*|
|U.S. MSCI REIT Index||1140.36||921.60||-19.2%|
|*(12/5/07 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.