Below are the purchases for the month. The Garcia Magic Fund has held up pretty well in this choppy market. Pictures speak louder than words so I attached a couple of images that show how it has been faring well.

The two stock picks for the month are as follows

Ambassadors Group Inc (EPAX,14) , an educational travel company, organizes and promotes international and domestic educational travel and sports programs for youth, athletes, and professionals. The company currently sports a P/E of 9 and has a ROIC of 57%. According to Yahoo Finance, it has an Enterprise Value/EBITDA of 3.571 or a yield of 28%

Perini Corp, (PCR, 24) together with its subsidiaries, offers general contracting, construction management, and design-build services to private clients and public agencies worldwide.The company currently sports a P/E of 6 and has a ROIC of 25%. According to Yahoo Finance, it has an Enterprise Value/EBITDA of 1.457 or a yield of 68%. I actually own PCR in my real life portfolio. The company has a 7 bilion plus backlog and is trying to expand internationally in places like Dubai. PCR is also expected to be a front runner in some Las Vegas mega projects.

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