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Publicis Groupe SA Message Board

  • iwantwhatscomingtome iwantwhatscomingtome Dec 31, 2007 11:14 PM Flag

    My set up for 08

    swapped out of my FNM pfd+s for the common - I read somewhere that FNM even with its issuing the pfd at 8.25% figures it will return well north of 20% ROE on that new capital - so I decided to take the risk of common equity with an eye on 2009 for a return to $4 level eps, and not a bad dividend while waiting

    added some KFN and LTR today, caught a little PFE at the 22.71 level but my plan there is to write puts and wait to set a basis under 22.

    also wrote puts on FNM FRE PFE, SLM and PCL, the idea being I would like to own these lower, so while my cash sits in money market rates, I'll put it to work backing the puts I wrote, and if i dont' get assigned stock at least i'll get some extra cash. seems less risky than buying now and writing calls, and volatility has the premiums pretty fat