Big 4? One should also include BAC because we're in control of 700 million shares via a convertible worth about $11.5 billion.
They now have less than 85 million shares verses 100.8 million last year.
They eliminated the dividend so they could use the cash to buy back more shares and they're succeeding.
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.
"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. "
This will be a very high leveraged company as a result of the acquisition of LO, therefor there's no chance of a special dividend.
I sold more call options against RAI today to hedge my LO shares that will be converted Friday.
Discover Bk 0.75% CD 01/03/2017
Low interest rates are crushing option premiums. If you could earn 4% on two year CDs I'm sure the returns for selling puts against BRK would be much higher. If we live another 10 years perhaps we'll see interest rates go up a few 100 basis points.
IBM is part of our BRK float, thus we sell insurance against it and collect premiums which eventually work out to profits. Buying back BRK also means less capital and selling less insurance. HC, you cant have it both ways.
Buffett knows what's up.
VZ is down over $1/share today so I bought some for IRA #3 and sold call options against it for added income.
Less put selling and more dividend and call option income is my new plan.
"second-quarter net income of $1.2 billion or $1.38 per share, down 8 percent from $1.3 billion or $1.43 per share a year earlier."
Down under 95 again.
UA earned $.07/share and is up $8 to over 97. Go figure.
Lots of money to be made shorting my stocks this year at least.
But shorting stocks that yield over 5% can get expensive.
Personally I like to own oil going into hop picking which starts next month If you saw our fuel bill you'd know why.
Hillary Clinton Futures Trades Detailed
By Charles R. Babcock
Washington Post Staff Writer
Friday, May 27, 1994; Page A01
"Hillary Rodham Clinton was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in 1978 although she had only $1,000 in her account at the time, according to trade records the White House released yesterday.
The computerized records of her trades, which the White House obtained from the Chicago Mercantile Exchange, show for the first time how she was able to turn her initial investment into $6,300 overnight. In about 10 months of trading, she made nearly $100,000, relying heavily on advice from her friend James B. Blair, an experienced futures trader.
The new records also raise the possibility that some of her profits -- as much as $40,000 – came from larger trades ordered by someone else and then shifted to her account, Leo Melamed, a former chairman of the Merc who reviewed the records for the White House, said in an interview. He said the discrepancies in Clinton's records also could have been caused by human error.
Even allocated trades would not necessarily have benefited Clinton, Melamed added. "I have no reason to change my original assessment. Mrs. Clinton violated no rules in the course of her transactions," he said.
Lisa Caputo, Clinton's spokeswoman, said the documents were released yesterday "to give as complete a picture as possible" of her trades. She said Clinton had never before seen them.
Blair, who urged Clinton to enter the high-risk futures market and ordered most of her trades, said in a recent interview that he "talked her into" her first futures trade in October 1978 before paperwork on her account was completed. It was liquidated quickly, he recalled, because "it was bigger than she wanted and required more money."
Book value, a measure of assets minus liabilities, jumped to $80.16 per share as of March 31, from $77.69 at the end of December. The company repurchased about $1.4 billion of stock in the first quarter and another $800 million this month
AIG now trades at 56.