The Sleepy Portfolio had a very good quarter, increasing about 4% over Q1. Asset classes that are working very well are Canadian, emerging markets and US mid-cap equities, REITs and bonds. Other asset classes are treading water, as can be seen in the table below:
My personal portfolio is up 4.3% over the same period, which is surprising considering that I am currently overweight in US large-cap equities and underweight in emerging markets, REITs and have no bonds. Over the last quarter, I bought AIG, Bell Canada Enterprises and AGF Management. I also sold my entire position in Sears Canada. Year-to-date, my portfolio is up 7.74% compared to the Sleepy Portfolio’s 4.7%.
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2 responses so far ↓
1 Anonymous // Jul 2, 2005 at 6:16 pm
Why did NitroMed (NTMD) only increase 13% on news that it would begin sales of its drug BilDil by 7 July? Based on the market for Nitric Oxide drugs BilDil should bring sales of $220 million by 4Q 2005 and $550M by 3Q 2006. That would put NTMD’s book value at $42/share. It is currently priced at $22/sh. Why is there such an unvaluation of this stock. Is it still undiscovered?
2 Arbee // Jul 3, 2005 at 10:02 pm
Anon: I don’t follow NTMD, so I don’t have an opinion on it.
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