Kinetic Concepts (KCI) "Trading Transparency"
As I mentioned yesterday, my Precision Castparts (PCP) stock hit an appreciation target and I sold 1/7th of my holding. This was right after my MEDTOX (MTOX) stock tanked and I bailed out of that entire position. The long and short of it (really the long and long) is that with the sale, and being at 18 positions (of my maximum of 20) I now had a 'permission slip' to add a new position to the Trading Portfolio. And that nickel started burning a hole in my pocket almost immediately.
Earlier today, checking the list of top % gainers on the NYSE, the only stock that I found that seemed to fit my criteria was Kinetic Concepts (KCI), an old favorite of mine here on Stock Picks Bob's Advice! In fact, I wrote up Kinetic Concepts almost exactly a year ago on July 14, 2006, when the stock was trading at $44.45. As I write, KCI is trading at $55.95, up $1.10 or 2.06% on the day.
KINETIC CONCEPTS (KCI) IS RATED A BUY
With that nickel in my pocket, I went ahead an purchased 140 shares of KCI at $56.2356 for my account. Wish me luck!
Before making the purchase I checked the latest quarter results as well as the Morningstar.com "5-Yr Restated" financials. Everything appears intact, and I went ahead and made a purchase.
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