Although we wrapped up our experimental 2 year index of net/nets last February, we still have the ability to track it. While it ended the 2 year run up 5.1%, nearly 1400 bps points ahead of the Russell Microcap Index, and more than 2500 bps ahead of the S&P 500, we'd actually hoped for better performance.
Although we've generally stopped tracking CS 21 since the intended February wind-down, we thought it would be interesting to check performance since then. Since February, the Index is up 14.3%, vs. 5.13% for the S&P 500, and 12.25% for the Russell Microcap Index. Since orignal inception, CS21 is up 20.45% while the S&P 500 is down 16% and the Russell Microcap is down about 9.8%
The primary determinant of the continued decent run by the index has been the performance of former net/net The Finish Line (FINL) which is up more than 500% since the original index launch.
Please search the site for past posts on CS21. Below are the orignal components, and their initial weights.
Trans World Entertainment(TWMC)
Retail-Music and Video
Finish Line Inc(FINL)
Nu Horizons Electronics(NUHC)
Pomeroy IT Solutions(PMRY)
Leadis Technology Inc(LDIS)
Replidyne Inc(RDYN)Became Cardiovascular Systems (CSII)
Tandy Brands Accessories Inc(TBAC)
Apparel, Footwear, Accessories
FSI International Inc(FSII)
Anadys Pharmaceuticals Inc(ANDS)
Emerson Radio Corp(MSN)
Chromcraft Revington Inc(CRC)
Charles & Colvard Ltd(CTHR)
We still intend on developing a new Net/Net Index, this time equal weighted. Stay Tuned.
*The author has a position in Chromcraft Revington (CRC). This is neither a recommendation to buy or sell any securities. All information provided believed to be reliable and presented for information purposes only.