Adding To eBay Position

As I stated in my latest article, I think the recent drop in shares of eBay Inc. (EBAY) presents a great opportunity to purchase the stock at good valuation levels. I added significantly to my position yesterday and plan to add more in the coming weeks. If I achieve the pricing I want for entry, eBay could very well become my second largest holding by the end of the month.

Phil

eBay: A Compelling Buy On Recent Weakness

In my latest Seeking Alpha exclusive article, I discuss why shares of eBay Inc. (EBAY) are a strong buy on current weakness. Driven by strong growth in the company's PayPal business segment, I expect shares to keep appreciating. Click here to read the particulars!

Phil

Balchem: Boring But Beautiful

Click here to read my newest Seeking Alpha exclusive article on Balchem Corporation (BCPC), a specialty chemical developer/manufacturer that has appreciated over 1,000% in the last decade alone!

Phil

My Portfolio Performance Through Quarter 1 2013

- MasterCard Inc. (MA) + 8.21%
- Under Armour Inc. (UA) + 9.29%
- eBay Inc. (EBAY) + 8.87%
- The Walt Disney Company (DIS) + 15.89%
- Discovery Communications Inc. (DISCA) + 23.76%
- Visa Inc. (V) + 8.96%
- Alaska Air Group Inc. (ALK) + 37.78%
- Starbucks Corporation (SBUX) + 7.78%
- Time Warner Inc. (TWX) + 21.02%
- McCormick & Company, Inc. (MKC) + 11.6%

Note: Dividends are not included. The above list is all of the stocks that I own currently. The only stock on the list that I have not owned since January 1, 2013 is Time Warner Inc. (TWX). Apple Inc. (AAPL) and CF Industries Holdings Inc. (CF) are not included as I have exited the positions completely. Their performances YTD are as follows:

Apple Inc. (AAPL)  - 20.48%

CF Industries Holdings Inc. (CF) - 6.49%

Phil

Changes To My Portfolio In March

I completely exited my Apple position over the last few weeks, I no longer like the growth prospects of the company as much as those of some other companies that I have wanted to add to/initiate positions in for a while. I used the proceeds to add to The Walt Disney Company (DIS) core holding in my IRA as well as start a position in Time Warner Inc. (TWX).

I also increased my Under Armour position on weakness and sold my remaining shares of CF Industries Holdings Inc. (CF) at a slight loss. I plan to revisit CF at some point but all indications are for little to zero growth in 2013/2014 so there are better alternatives at this point in time, that's my thinking anyway.

My Alaska Air Group (ALK) holding has nearly doubled over the last year and takes up a much more significant part of my portfolio than I would have ever expected. I have not sold any as of this time and I really don't have plans to yet, the stock is still very cheap and has more room to run in my opinion.

Phil