Surprise portfolio

Monday, October 2, 2017: The share price index of the Surprise portfolio has advanced by 114% relative to the Otos Total Market Index since the June, 2013 low. Current relative price to sales is about mid-range in the record of the portfolio.

We have collected fourth quarter sales data for all of the companies in the Surprise portfolio.The portfolio weighted average sales growth rate is 3.3%. The proportion of portfolio weight accounted for by rising sales growth companies is up to 78.3%, compared to 57.8% last quarter.

Currently, sales growth is low in the record of the Surprise portfolio but higher than last quarter.

Fourth quarter gross margin data has been collected for all of the companies in the Surprise portfolio.The proportion of total portfolio value accounted for by rising gross profit margin companies is up to 34.0% compared to 10.3% last quarter.

The portfolio is recording a high and falling gross profit margin. Inventories are up, diminishing the chance of a further increase in the gross profit margin. Fixed expenses are low in the record of the portfolio, but falling. The grossprofit margin is falling at a more rapid rate than fixed expenses, producing a deceleration in bottom line profit relative to sales. The portfolio value has been very highly correlated with the direction of the margins. Interest costs are falling.

Surprise portfolio vs the Otos Total Market Index SharpPlot version is 2.43 Paint the paper ===== Border ===== Region ===== X-Axis Ticks ===== X-Axis tickmarks Y-Axis Ticks ===== Y-Axis tickmarks Axes ===== Y-axis labels 1 1.5 2 3 for X-axis labels 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Heading, subheading and footnotes ===== Heading Surprise portfolio vs the Otos Total Market Index Subheading Gross Profit Margin vs Portfolio Performance Footnotes Comment Start of Line Chart =========== Points follow ... Line Y-Axis Ticks ===== Y-Axis tickmarks Axes ===== Y-axis labels 10 20 30 40 50 60 70 80 90 Start of Line Chart =========== Points follow ... Line bump key Key ===== Key - Line Key - Line Portfolio Relative Price Index Gross Profit Margin