The Deen's ListTM
A service of Deen Capital Management, Inc. (
Our goal: Outperform the S&P 500 in both up markets and down.
Our result: +60.2% for the 60 months ending April 27, 2018 (vs. +85.9% for the S&P)
For complete performance data, click here
Vol.16 #92 Monday, April 30, 2018 1:48PM EDT

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Market Stance: BULLISH (since April 10, 2018)


Typical Client Performance
Bought Solaris Oilfield Infrastructure (SOI)
Sold iShares Core S&P 500 (IVV) -0.3%
Typical Client Portfolio
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Typical Client Performance

Deen Capital S&P 500
Year-to-date as of April 27, 2018 -1.0% * +0.4%
12 months (Apr 27, 2017 to Apr 27, 2018) +9.6% * +13.8%
24 months (Apr 27, 2016 to Apr 27, 2018) +38.9% * +32.4%
36 months (Apr 27, 2015 to Apr 27, 2018) +23.1% * +34.3%
48 months (Apr 27, 2014 to Apr 27, 2018) +35.9% * +54.8%
60 months (Apr 27, 2013 to Apr 27, 2018) +59.5% * +85.9%

* An average of managed accounts, net after all commissions and fees.

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Bought Solaris Oilfield Infrastructure (SOI)

Initial percent of portfolio (approx.)5.0%
Net buy price in managed accounts*$19.11
Most recent close (Apr 27)$18.40
Net change (based on net buy price)+0.71
Today's volume as of 2:01PM EDT628,986 ($12.0 million)
Average daily volume426,400 ($8.1 million)
This year's earnings-per-share$1.76 (est)
Next year's earnings-per-share$2.73 (est)
P/E using next year's earnings7.0 (est)
Earnings growth rate, next 5 years48% per year (est)

* Buy prices shown are net after commissions and fees.

Today, Monday, April 30, 2018, I bought SOI, for both client and my personal accounts.

Here's why I bought this stock:

+ Technical: The stock was up on very heavy volume Friday, and this morning it is breaking out of a 2-month range. The long-term trend is up, but the price fell sharply in January and early February, and is only now starting to recover.

+ Explosive recent sales growth. Here are the quarterly year-to-year sales growth rates from the last four quarters, in chronological order: +229%, +349%, +289%, and, most recently, for the quarter ended Dec 31, +246% to $25.2 million.

+ Two quarters of excellent earnings-per-share growth. Here are the quarterly EPS figures for the last eight quarters:

Mar 17 vs Mar 16:  1c vs 1c
Jun 17 vs Jun 16:  1c vs 1c
Sep 17 vs Sep 16: 13c vs 1c
Dec 17 vs Dec 16: 20c vs 5c

+ Strong and rising earnings-per-share estimates: According to recent data from First Call, the consensus earnings estimate for 2018 is $1.76, revised upward from $1.67 90 days ago (and up from 2017 actual earnings of 35c); and the consensus estimate for 2019 is $2.73, revised upward from $2.20 90 days ago.

+ Valuation: At 7 times next year's estimated earnings and a projected 5-year annualized earnings growth rate of 48%, the stock is, by my usual metric, very attractively priced.

+ History of earnings surprises: This company has reported earnings-per-share at least 2c above estimates in each of the past two quarters. Most recently, for the quarter ended Dec 31, they "beat the Street" by 10c.

+ The company's industry group ("Chemicals - Specialty") is ranked #94 for relative strength out of 197 industry groups tracked by Investor's Business Daily. This ranking changes daily, and it has been generally rising over recent weeks and months.

+ The stock's 200-day moving average is rising, indicating a long-term uptrend.

-KD, Monday, April 30, 2018

Sold iShares Core S&P 500 (IVV) -0.3%

Net sell price in managed accounts*$267.53
Date(s) boughtApr 20 2018; Apr 23 2018
Net buy price in managed accounts*$268.39
Holding period1.4 weeks
Gain/loss in managed accounts*-0.3% (after commissions)

* Buy and sell prices shown are net after commissions and fees. This means that the gain/loss shown is also net after transaction expenses.

Today, Monday, April 30, 2018, I sold IVV, for both client and my personal accounts.

I sold just enough IVV to pay for SOI. We remain fully invested.

-KD, Monday, April 30, 2018

Typical Client Portfolio

Company Name Stock
% of
Solaris Oilfield Infrastruct SOI 04/30/18 $19.11 $19.10 0.0 5.1% -0.0%
DMC Global, Inc. BOOM 04/27/18 $39.54 $38.40 0.4 5.0% -2.9%
SPDR S&P 500 ETF SPY 04/25/18 $262.51 $265.67 0.7 11.7% +1.2%
iShares Core S&P 500 IVV 04/23/18 $268.32 $267.50 1.0 5.3% -0.3%
Movado Group Inc. MOV 04/17/18 $39.68 $39.70 1.9 5.1% +0.1%
SPDR S&P 500 ETF SPY 04/10/18 $264.27 $265.67 2.9 67.7% +0.5%
Cash 0.1%  
Total 100%  

* Buy prices shown are net after commissions.

** Current prices are at least 20 minutes old.

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All stocks discussed in The Deen's ListTM involve a high degree of risk. It should not be assumed that any stock discussed in The Deen's ListTM or purchased by Deen Capital Management, Inc. will be profitable.

Past performance is not necessarily indicative of future results.

The information contained herein has been compiled from sources deemed to be reliable; however, we are not responsible for its accuracy or completeness.

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