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Transaction Details

Company: NetApp
Yahoo Beta:1.39
Industry:Data storage devices

Company Description:  NetApp Inc., stores, manages, archives, and protects business data. The company was incorporated in 1992 and has been public since 1995. NetApp operates in 130 locations worldwide.

Purchase Date:13 Apr 2011 Sale Date:05 Dec 2012
Purchase Price:$48.65 Sale Price:$32.93
  --Split Adjusted:$48.65  --Split Adjusted:$32.93
Shares Purchased:60 Shares Sold:60
  --Split Adjusted:60  --Split Adjusted:60
Transaction Fee:$9.99 Transaction Fee:$10.04
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$60.60 High$0.00
Date11 Feb 2011 Date01 Jan 1996
Low$45.70 Low$0.00
Date04 Apr 2011 Date01 Jan 1996
S&P (Purchase Date):$1,316.28 S&P (Sale Date):$1,414.98

Timing:  We bought near the six month low.
Reason:  We believe that NetApp is well positioned to take advantage of growth in data storage industry. The company is poised to expand to new markets following recent acquisitions. The company has a substantial cash position of $4 billion and has the best margins in the industry. Summary of SR qualification: Having servers that store more data is less costly and more environmentally friendly; the company offers an 8-point strategy for reducing storage power consumption; the company has given $1 million to non-profits and universities in 2010, plus over $900,000 in donations of product and service offerings; the company is ISO 14,000 certified.

Reason:  The company has missed some of its targets. Competitors are performing well. We do not believe that NTAP will outperform in the short run.

S&P Gain: 7.5 % Annualized Gain: 4.74%
Stock Gain: -32.31 % Annualized Gain: -22.11%

Net Holding Return ($): $-963.23
Net Holding Return (%): -32.89 %