Editor’s note: As of 9/20/11 Lucas Krupinski no longer manages a Covestor model
This week, in his Small Cap Fundamentals model, Lucas Krupinski added Frontline Ltd (NYSE: FRO) a tanker company based in Bermuda. Within this model, Krupinski focuses on small cap stocks and income generating securities. FRO had a 6.62 percent dividend as of September 16th, 2010. In 2009, their net revenues fell by $1 billion. Fortunately, their total liabilities also fell—dropping from $3.3 billion in 2008 to $3 billion in 2009. Their shareholder equity grew from $702.2 million in 2008 to $741.3 million in 2009 and their outstanding shares remained the same.
Krupinski also added Coca-Cola Co (NYSE: KO) to the model. On September 16th, 2010, KO had a dividend yield of 3.07 percent. KO’s net revenues fell from $31.9 billion in 2008 to $31 billion in 2009. Their total liabilities grew from $20 billion to $23.2 billion and their shareholder equity rose from $20.5 billion in 2008 to $24.8 billion in 2009 while their outstanding shares remained the same.
The last position added to the Small Cap Fundamentals model this week was Greenlight Capital Re Ltd (NASDAQ: GLRE). GLRE is a property and casualty reinsurance company. The company is not currently paying a dividend, but they’ve seen a large increase in net revenues. In 2008, their net revenues were $90.3 million and in 2009 they grew to $240.9 million. Their stockholder equity grew to $862.8 million in 2009, up from $398 million in 2008. Their outstanding shares grew by 300,000 in 2009.
