Wifts Investment Group

For July 2010, our portfolio returned 7.41% compared to 6.83% for the S&P500. Our portfolio outperformed the S&P500 by 0.58%.
Portfolio Movers
As we mentioned in our last post, a private equity group has made an offer of $55 for NBTY Inc (NTY). As a result, NTY was up 58% for the month. After a rough couple [...]

For June 2010, our portfolio returned -3.83% compared to -5.62% for the S&P500. Our portfolio outperformed the S&P500 by 1.79%.
Portfolio Movers
Forest Laboratories (FRX) was up 6% in an overall down month. Friedman Industries and Archer Daniel Midland (ADM) were up a little over 2% each. On the other hand, Kindred Healthcare (KND) was down 17%. [...]

For May 2010, our portfolio returned -6.2% compared to -8.20% for the S&P500. Our portfolio outperformed the S&P500 by 2%.
Portfolio Movers
May was a terrible month for all stocks. Except for LMI Aerospace (LMIA), all the stocks in our holdings were down. LMIA stayed relatively flat for the month ending the month with a gain of [...]

For April 2010, our portfolio returned 0.15% compared to 0.91% for the S&P500. Our portfolio underperformed the S&P500 by 0.76%.
Portfolio Movers
Ameron International (AMN) and Aceto Corp (ACET) were up 10% for the month. AMN and ACET are also the two largest holdings of the portfolio. Forest Lab (FRX) was major decliner. It went down 13% [...]

For March 2010, our portfolio returned 9.99% compared to 5.88% for the S&P500. Our portfolio outperformed the S&P500 by 4.11%. For the first quarter 2010, we were up 8.81% Vs 4.87% for S&P500. Please note that this is a total return including cash positions, so we outperformed the S&p500 with around 15-20% in cash.
OSI Pharmaceuticals [...]