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Transaction Details

Company: Dolby Laboratories
Yahoo Beta:0.89
Industry:Diversified electronics

Company Description:  Dolby Laboratories, Inc. develops technologies for accurate recording, storage, and production of sound. The company's products are used in entertainment products, electronic devices, and computers.

Purchase Date:16 Mar 2011 Sale Date:22 Feb 2012
Purchase Price:$49.10 Sale Price:$39.20
  --Split Adjusted:$49.10  --Split Adjusted:$39.20
Shares Purchased:30 Shares Sold:30
  --Split Adjusted:30  --Split Adjusted:30
Transaction Fee:$9.99 Transaction Fee:$10.02
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$69.51 High$0.00
Date05 Nov 2010 Date01 Feb 1996
Low$48.83 Low$0.00
Date16 Mar 2011 Date01 Feb 1996
S&P (Purchase Date):$1,264.49 S&P (Sale Date):$1,360.19

Timing:  We bought at the six month low.
Reason:  Dolby has a strong brand name and a history of innovation. In recent years, a large portion of Dolby's revenue has come from licensing its technologies on personal computers and laptops. Personal computer sales are expected to decline as consumers shift to tablets. Dolby's stock has been adversely affected by this trend. Our analysis suggests the market has overreacted and Dolby should continue to have strong profits.

Reason:  Dolby has been performing poorly. The company seems to have lost the ability to innovate.

S&P Gain: 7.57 % Annualized Gain: 8.91%
Stock Gain: -20.16 % Annualized Gain: -23.16%

Net Holding Return ($): $-317.01
Net Holding Return (%): -21.38 %