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Transaction Details

Company: Forward Industries
Ticker:ford
Yahoo Beta:0.71
Industry:consumer products -- plastic & rubber

Company Description:  Forward Industries, Inc. designs, manufactures, and sells carrying cases for consumer electronic devices. Forward's two largest product groups include cell phone cases and diabetes monitoring equipment. Forward works with OEMs to design products and outsources production to China.

Purchase Date:30 Nov 2005 Sale Date:26 Apr 2006
Purchase Price:$17.59 Sale Price:$10.20
  --Split Adjusted:$17.59  --Split Adjusted:$10.20
Shares Purchased:350 Shares Sold:350
  --Split Adjusted:350  --Split Adjusted:350
Transaction Fee:$170.51 Transaction Fee:$102.00
Price Range (6 Months Prior):    Price Range (6 Months After):    
High$28.72 High$0.00
Date08 Sep 2005 Date01 Jan 1996
Low$15.99 Low$0.00
Date30 Jun 2005 Date01 Jan 1996
S&P (Purchase Date):$1,249.48 S&P (Sale Date):$1,305.02

Purchase
Timing:  Bought near to six month low.
Reason:  The company has an attractive business model. Customers are original equipment manufacturers rather than retail consumers and production is out sourced. Consequently, Forward has a very small workforce consisting of designers and salespeople.

Sale
Timing:  
Reason:  Forward has rebounded from its low of about $8 per share, but shows no prospect of increasing substantially in the short run. We sold to free up funds for an investment in a different sector.

S&P Gain: 4.45 % Annualized Gain: 14.68%
Stock Gain: -42.01 % Annualized Gain: -82%

Dividends:$0.00
Net Holding Return ($): $-2,859.01
Net Holding Return (%): -45.19 %