Can't Truss It, Verse Two: BPT

In a development so inevitable that I actually predicted it would happen, BP Prudhoe Bay Royalty Trust (BPT) has imploded in the past week, thereby triggering a sell order.  As far as stock implosions go, this one wasn't too bad...a 12% capital gain (4.5% annualized) plus a ~10% dividend yield.  I am a "lesser sucker" I suppose, but still deserving of a Bart Simpson-at-the-chalkboard-like punishment:

I will never own a royalty trust stock again.  I will never own a royalty trust stock again.  I will never own a royalty trust stock again.  I will never own a royalty trust stock again.  I will never own a royalty trust stock again.  I will never own a royalty trust stock again.  I will never own a royalty trust stock again.  I will never own a royalty trust stock again.  I will never own a royalty trust stock again.  I will never own a royalty trust stock again.

(I'll admit, I just copied and pasted the above.  Not quite the same.)

Also being sold are "Distressed" stocks Sunrise Senior Living (SRZ), which is up 80% from where I bought after being acquired by Health Care REIT (HCN); and ITT Educational Services (ESI), which has sunk 53%...because it is truly distressed.

The next edition of the Stock(s) of the Month will be ready by mid-September.

Stock Of The Month: CPSI

First, the usual housecleaning. Sold from "The Distressed" are irredeemable losers Acme Packet (APKT), Hansen Medical (HNSN), MAKO Surgical (MAKO), and Zipcar (ZIP)...the proceeds from which go towards the least-awful bank stock money can buy, and now a proud Distressed graduate, Wells Fargo (WFC). (It must be good, because Warren likes it.)

This month's stock is plainly named and in a semi-boring business (hospital IT), but pays a nice dividend...


Computer Programs and Systems (CPSI)

Positives:
Healthy ROA (32%), ROE (46%), and margins (22% operating, 15% profit).
Zero debt.
Steady, never-slashed 3.8% dividend yield.

Negatives:
Shrinking revenues (-6%) and meager earnings growth (+4%).


Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.

Apple (AAPL) 17.72%
Baidu (BIDU) 8.32%
Google (GOOG) 7.67%
Southern Copper (SCCO) 6.13%
Intuitive Surgical (ISRG) 5.20%
American Capital Agency (AGNC) 4.84%
Annaly Capital Management (NLY) 4.27%
Ace Limited (ACE) 3.96%
BP Prudhoe Bay Royalty Trust (BPT) 3.17%
American Software (AMSWA) 2.99%
Amazon (AMZN) 2.97%
Kinder Morgan Energy Partners (KMP) 2.53%
Tesla Motors (TSLA) 2.48%
Apache (APA) 2.47%
Intel (INTC) 2.43%
Prospect Capital (PSEC) 2.29%
Vodafone (VOD) 2.25%
McDonald's (MCD) 2.13%
Under Armour (UA) 2.01%
Blackstone (BX) 1.99%
DuPont (DD) 1.98%
BreitBurn Energy Partners (BBEP) 1.65%
China Mobile (CHL) 1.59%
The Distressed (BEBE, EA, ESI, GSOL, JSDA, LZB, MSI, PCS, RBCN, RVR, SRZ) 1.54%
F5 Networks (FFIV) 1.48%
ConocoPhillips (COP) 1.46%
Computer Programs and Systems (CPSI) 1.34%
Wells Fargo (WFC) 0.87%