since Sept of 2019.
(Price/Share up 28.6% since the Start; Account value gain 50.5%; Cash Reserve up 195%)
Stock selection is important but I feel inventory management and risk
control is also. First came the completely unexpected decline related to
the Coronavirus outbreak. I'd set aside about 25% of total at the start
for downside averaging should the price decline first. That proved to be
fortuitous. I bought shares to exhaustion of cash during the decline.
That cash and the buying it allowed led to a 52% increase in total share count.
As the image shows, from the time the price bottomed out a year ago to
the first sale at the end of May, 2020 the value at risk grew a bit.
However, after that, the value at risk remained nearly constant and
share inventory was trimmed as the price/share continued to rise. The
last sale was at just over $100/share.
With a discount of around 30% from that last sale I added 12% more
shares back to the holding using some of the accumulated reserve of
cash. If DY continues to decline I can continue buying back inventory.
Should DY turn back upward and the cash proves to be not needed, I can
always take some of it and start something new as an investment.
Best regards,
OAG Tom
Buy from the Scared; Sell to the Greedy.....
Recent DY News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2024 09:13:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/23/2024 09:01:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/23/2024 08:35:15 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/22/2024 12:29:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 09:09:19 PM
- Dycom Industries, Inc. to Participate in Upcoming Investor Conferences • GlobeNewswire Inc. • 08/21/2024 08:30:00 PM
- Dycom Industries, Inc. Acquires Black & Veatch's Public Carrier Wireless Telecommunications Infrastructure Business • GlobeNewswire Inc. • 08/21/2024 10:05:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/21/2024 10:03:24 AM
- Dycom Industries, Inc. Announces Fiscal 2025 Second Quarter Results • GlobeNewswire Inc. • 08/21/2024 10:00:00 AM
- Dycom Industries, Inc. to Host Fiscal 2025 Second Quarter Results Conference Call • GlobeNewswire Inc. • 08/09/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 09:03:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 09:02:55 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/30/2024 09:02:40 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/12/2024 09:00:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 07/11/2024 08:49:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 12:04:48 PM
- Dycom Announces Planned Leadership Transition • GlobeNewswire Inc. • 06/17/2024 12:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:02:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:02:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:02:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:01:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:01:46 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:01:37 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:01:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 09:01:20 PM
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