Thursday, December 4, 2008

Best Performing Stocks of the Past Quarter

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Back in early October I wrote in [Oct 1: Nowhere to Run, Nowhere to Hide] how there simply was no asset class (ex US Treasuries and US Dollar), no sector, no country to hide in. Everything stunk, and in fact it got worse in the ensuing weeks. September, October, November 2008 might be the worst 3 months ever (I don't have the date) but if not, it has to be in the top 3.

We used to run a weekly screen here to identify areas of relative strength - it's been useless for months on end. But for curiousity sake I ran it to see the best performers over the past quarter.

Criteria
  1. Market capitalization $1.50B+
  2. Average trading volume 100K+
  3. Stock price $10+
  4. Return this quarter 0%+
I first set the variable for "% return for the quarter" at 25%, and received a whopping 2 results. Then I lowered it to 10% and that skyrocketed to 6... Finally I set it down to 0%... how many stocks with the following criteria actually did not lose money the past 90 days, and all it returned was 31 stocks. Here are your survivors.

Patterns? Only 1 - re-education of adult Americans was a hot sector - I shaded those in purple. All these unemployed Americans need to be retrained to do something productive (healthcare or federal government jobs seem to be the 2 places they can be fit into) Other than that, nothing. The #1 name is Fairfax Financial (FFH) which in my reading is apparently the Berkshire Hathaway of Canada. Only they made some great bets against subprime. There was a complete lack of buyouts which would be the companies that would normally fill the top slots of this type of ranking.

The oddity is Exxon Mobil (XOM) during a time oil fell off the cliff - but then again you can't mark the market up with these last hour parlor tricks or buying futures in pre market as the PPT loves to do (allegedly) without pushing the largest company in the index up. So don't worry that just about every other energy related company lost 1/3rd to 2/3rds of its value this quarter - XOM is at the very top of the major indexes and thus is immune. It did better than Walmart or McDonald's in fact... oh my...

Symbol Company Name % Price Change Last Qtr. Market Cap
FFH Fairfax Financial Holdings Ltd 53.7 5,328,436,923
UST UST Inc 26.5 10,188,740,000
WRB WR Berkley Corp 18.9 4,431,008,000
APOL Apollo Group Inc 18.2 12,034,480,000
ORH Odyssey Re Holdings Corp 15.3 2,620,178,000
GVA Granite Construction Inc 14.0 1,580,223,000
WTR Aqua America Inc 11.0 2,682,996,000
DCM NTT DoComo Sponsored ADR 10.0 73,164,280,000
DV DeVry Inc 9.1 4,063,632,000
IMCL ImClone Systems Inc 8.6 6,218,729,000
VRX Valeant Pharmaceuticals Int'l 7.8 1,628,320,000
STRA Strayer Education Inc 7.6 3,260,895,000
PNY Piedmont Natural Gas Inc 7.0 2,288,493,000
SMG Scotts Miracle Gro Co 6.1 1,927,224,000
NJR New Jersey Resources Corp 5.7 1,618,257,000
HANS Hansen Natural Corp 5.3 2,602,873,000
ADM Archer Daniels Midland Co 4.9 16,755,310,000
CXG CNX Gas Corp 4.7 4,624,261,000
NST NStar 3.5 3,695,570,000
WGL WGL Holdings Inc 3.2 1,675,048,000
RYAAY Ryanair Hldgs ADR 3.2 7,388,317,000
PHLY Philadelphia Consolidated Holding 2.6 4,411,427,000
HMY Harmony Gold Mining ADR 2.4 3,294,583,000
ASBC Associated Banc-Corp 2.2 2,358,898,000
GHL Greenhill & Co Inc 1.6 1,863,612,000
PBCT Peoples United Financial Inc 1.6 6,256,541,000
ALO Alpharma Inc 1.1 1,940,573,000
ESI ITT Educational Services Inc 1.0 3,497,387,000
FDO Family Dollar Stores Inc 0.4 3,508,369,000
XOM Exxon Mobil Corp 0.4 394,774,800,000
TFSL TFS Financial Corp 0.2 3,797,558,000

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