Once again it is the weekend! And that means that is time for me to review some of the past stock picks from this website. Since I have missed some of these weekend reviews, the 'looking back a year' part, really ought to read 'looking back 1 1/2 years!'. Because I am now about 18 months out from our reviews. Whatever.
As I have pointed out more than once, these reviews assume a 'buy and hold' approach to investing. I do this for the ease of analysis. In reality I advocate and practice a disciplined portfolio management strategy that requires me to sell my losing stocks quickly and completely and my gaining stocks slowly and partially. Certainly this difference in strategy would lead to different returns for an investor.
Last weekend I reviewed all of the stocks selected from the week of March 13, 2006 . Let's move ahead a week and look at this blog during the week of March 20, 2006.
On March 21, 2006, I posted Phillips-Van Heusen (PVH) on Stock Picks Bob's Advice when it was trading at $38.51. PVH closed at $54.06 on September 7, 2007, for a gain of $15.55 or 40.4% since posting.
On August 22, 2007, Phillips-Van Heusen reported 2nd quarter 2007 results . For the quarter ended August 5, 2007, total revenue came in at $522.4 
million, up from $458.9 million in the same quarter last year. Net income was $39.1 million or $.68/share, beating its own guidance by $.07/share. This was a 28% increase over second quarter 2006 'non-GAAP' earnings per share of $.53. (Second quarter GAAP net income was reported at $29.0 million or $.33/share). In the same report the company also raised guidance for 2007 earnings to a range of $3.15 to $3.17/share from the previous guidance of $3.06 to $3.10.
The Morningstar.com "5-Yr Restated" financials on PVH are intact.
PHILLIPS-VAN HEUSEN (PVH) IS RATED A BUY
The 'point & figure' chart on PVH from StockCharts.com shows the strength of the price chart even with the recent volatility in the stock market.
$54.08 (09/10/07)
