Deal done this Friday--"The companies expect to close on June 12, they said in a press release".
" Reynolds American Inc on Monday cleared the final hurdle for its roughly $27.4 billion purchase of smaller rival Lorillard Inc as a federal judge approved its request to sell several cigarette brands."
I don't follow hockey so I have no idea.
But since GSK is a European company I'll go with the team closest to Europe.
Strong dollar-buy foreign companies, is my new motto.
Paid 42.4/share for a 1.6% position in IRA #1 because I'm looking for dividend income.
"Group core EPS expected to grow at CAGR of mid-to-high single digits over the five year period 2016-2020 on a CER basis: 2015 core EPS expected to decline at a percentage rate in the high teens (CER) primarily due to continued pricing pressure on Advair in US/Europe, the dilutive effect of the transaction and inherited cost base of the Novartis businesses
Significant recovery anticipated in 2016 with core EPS percentage growth expected to reach double digits."
GSK Inv Relations.
peers are on watch amid rumors Brazil'sJorge Paulo Lemann and others are considering buying the company. If it happens I hope BRK is involved.
On this news I switched to lemonade and vodka with a cigar and then it's back to work in the garden. Springtime in Oregon is absolutely beautiful.
She upped her position by 27% to 5.5% of the assets in this account. It's now her 4th largest holding.
She used the proceeds from her recent sell of LO at around 70/share.
It's all taxable income unless you bought it in an IRA.
I have cash available in IRA #1 Monday, so I may light up a few tobacco stocks both for the dividend and because I'm addicted to their stocks.
Yes I could liquidate those assets and cover for the cost of stocks put to me.
I'm also able to borrow against the cash value in my life insurance which I've done several times throughout the years but not since 2012 or 13.
Yes and no---the puts I've sold are backed by the cash I have in gold, silver, savings bonds, treasury bonds and cash value life insurance which is not held in my stock accounts.
With the exception of my IRAs, I'm letting all my options unwind until after the hop harvest which ends in late September.
IRA #1 has a stock being called away today which will up my cash position in said account by 10% and unlike Strat-I'm seeing lots of equities I'd like to buy or sell put options against right now. Hopefully Monday is another down day. Case in point is WMT which only trades at a 10% premium to its three year low.
I'd rather buy a stock after a 10% drop but that's just me. Should I take the loss and wait until it goes back up 10% and buy it back?
"Get back to evener"? I double checked my cost basis and it's only 21.87/share but I've already earned $2.2/share selling call options against it year to date with another .8 coming in July. That will bring my option adjusted cost down to under 19 which gives me a return close to 20% if called away in July. I'm selling call options against it because I plan to invest the $$$ elsewhere. I own it in my IRA.
As to get aback to evener--If you sell every stock because it drops you shouldn't buy stocks.
I did own it in other accounts but I was too aggressive selling call options at lower strike prices and it was called away at losses in those accounts earlier this year.
"The Coca-Cola Company today unveiled the world’s first PET plastic bottle made entirely from plant materials at the World Expo - Milan. PlantBottle™ packaging pushes the boundaries on sustainable innovation by using groundbreaking technology to create a fully recyclable plastic bottle made from renewable plant materials. "
Vector Group Ltd. (VGR) today announced that it has declared a regular quarterly cash dividend on its common stock of $0.40 per share. The quarterly cash dividend will be payable on June 30, 2015 to holders of record as of June 17, 2015.
XD on 6/15 with option expiration 6/19. VGR current price is 22.22 plus .29 per share.
Yesterday I too looked at buying more PG and JNJ for this IRA but I've decided to add to my dividend income via convertible securities--bought both BANK AMER CORP 7.25%CNV PFD L and WEYERHAEUSER CO PREF CONV SER A WY/PRA.
They both yield over 6% but the conversion ratio of BAC is 20-1 which means the stock would have to trade at 57 before it's in the $$$$$$.
This account is 89% equities, 6% conv pref, 2.5% fixed income and the balance $$$$. My goal is to raise the convertibles and fixed income to 20% in the next few years.
I've also been buying companies with 4% plus yields and selling call options against them so a company like PPL fits that mold.
I was paid 80 cents per share today with the stock up $.9/share.
I was short the 21.5 call options in the same account that expired last Friday. If the stock keeps going up 2% a month and I continue to collect an additional 3%/month selling call options against my shares, I could get back to even in the next 6 months.
DIAGEO PLC ---DEO, I took a 1% position in this stock today in IRA #2. It's currently trading at a 15% premium to its three year low and has a dividend yield over 3%. Note- the dividend is semiannual.