I'm in all but GILD, CELG and BLK, however I do follow BLK because I may take a position in the future.
I did take a 1% position in VZ today in IRA #1 which still leaves this account 38% cash which is used to sell put options. I also sold more put options against VZ today.
This account earns about .5%/month selling options so today's buy takes two months to earn.
The future of IBM's market cap--Less than $100 billion with a stock price over 500.
I hope Buffett lives to see it.
"Down is good"? If IBM were to drop under 100, BRK could buy the entire company for less than 5 times its free cash flow numbers, wouldn't that be good thing?
Or we just let them continue to buy back most of their shares until we own 50% and then buy it out as was the case with Geico another BRK plunder.
I did sell some shares last week in my personal accounts and I also sold call options against it, but I never sold a share in my IRAs. I know and everyone knows they have declining revenue but historically their free cash flow numbers have been fantastic so I'll continue to hold and try and sell call options against it when it's advantageous to do so.
It could be general market fear or hedge funds may have been forced to sell for liquidity reasons.
Check out the spreads now with their stock options both puts and calls. It comes down to market fear or perhaps the risk of the deal going through is greater than one might expect.
He said it was a 15% grower trading at a P/E of 15.
Actually I have it at a 12% grower trading at over 17 times next year's earnings.
But with 10 year treasuries earning 2.2% GOOG is still reasonably priced.
I'm long a very small position and may buy more if it drops under 480.
Good call------I own it via BRK and I used to sell put options against it when it was priced under 150. I'm still short puts that expire next January but they're priced under 120..
In other news-I'll be buying some INTC and BX in IRA #1 today due to put options I'm short. My plan is to increase my dividend income in this account by 50% in the next year using high yield stocks like COP, BX, VZ, STX, MSFT, preferred stocks and others..
Check out the spreads on the various options and one can only conclude that nobody knows anything as usual.
Note-I'm currently short both out of the $$ puts and calls, most of which expire prior to the next earning's report and I'll sell no more until the spreads narrow.
In IRA #3, I took a small .56% position in BUD and a 1% holding in BP near current prices-about 107 for BUD and 42.7 for BP.
Looking to buy more and sell put options against them on any future price weakness.
It was a tough way to lose a game but they're not the same team that defeated Mich State last month. They have no offensive line and thus no chance of winning the Pac 12.
Az has an excellent young QB and they play the same style of game as the Ducks.
Took a 1% position in IRA #3 today at 42.7/share. Current dividend yield is over 5%.
Pretty slick investment if I might say so.
Based on the value of AN- Auto Nation, I'd say we invested around $2.2 billion. AN has a market cap of $6 billion and trades at 15 times earnings and has revenue of about $19 billion. Our new firm has rev of $8 billion but we're not currently privy to earnings info so my $2.2 billion is just a guess.