Just my two cents, the same as this quarter's earnings--sure it could trade at 85-90 but it could also fall to 60 due to poor returns in December.
Don't they make most of their profits between November and January?
Some of my shares were called away. Raised my fixed income securities in IRA # 2 by 15% to 2.5% of the assets in the account--bought 2.6% CD which matures 06/05/2023.
Also placed orders in under the market for two stocks. Cash position is now about 6% in this IRA.
Note-this IRA doesn't sell cash secured puts.
And LO is XD tomorrow. Half my shares should be called away at 67.5 and 70 today but if not I'll take the dividend.
What to do with all the cash?
Big 4? One should also include BAC because we're in control of 700 million shares via a convertible worth about $11.5 billion.
If the deal is completed soon and [I doubt it will], early investor euphoria should spike the stock price higher but the low dividend yield and declining sells and rising litigation will act like gravity and bring the stock back down until the yield rises to the 4% range.
I've sold naked call options against RAI to protect my LO holdings against this potential outcome.
"CF Industries Declares Five-for-One Stock Split"
Still holding all my shares with the stock trading at about 315.
In other news-buy "LOW" and sell it high. It trades at 69.69
Today's buy in IRA #2--HARLEY DAVIDSON--HOG, paid 53.44/share. Increased position by 50% to 1.67% of assets in account.
This account has more $$$$ available in late May.
HOG could be Berkshire's next acquisition.
Current dividend yield is 1.5% the same #$%$ year treasuries.--correction -same #$%$ year treasuries.
"The board of directors of American Express Company (AXP) today approved the repurchase of up to 150 million common shares, from time to time, subject to market conditions and the Federal Reserve’s non-objection of the company’s capital plans. This authorization replaces the prior 150 million share repurchase program that had approximately 45 million shares of common stock remaining under board authorization.
Separately, the board of directors approved a $0.03 – or 12 percent – increase in the quarterly dividend on the company’s common stock. The dividend was raised to $0.29 per common share, from $0.26, payable on August 10, 2015 to shareholders of record on July 2, 2015."
NEW YORK--(BUSINESS WIRE}
Current dividend yield is 1.5% the same #$%$ year treasuries.
Berkshire owns them both and I own Mona Visa with no plans to sell.
I've only sold put options against GS and it was 50 points lower.
Oct 18, 2013 10:13 AM
CF Industries/CF-----DEERFIELD, Ill. (AP) -- "CF Industries Holdings Inc.'s board of directors has approved a 150 percent increase in its dividend, the fertilizer maker said Thursday.
The company will now pay shareholders a quarterly dividend of $1 per share. That's up from 40 cents per share. CF Industries will pay the dividend Nov. 29 to shareholders record as of Nov. 15.
"This dividend increase reflects our confidence in the strength of CF Industries' business model and is part of our ongoing commitment to build long-term shareholder value," said Stephen R. Wilson, the company's chairman and chief executive.
Shares of CF Industries added $3.21 to $212.75 in after-hours trading .
I've been in the stock for a few years now.
"CF Industries Holdings, Inc. (NYSE: CF), a global leader in nitrogen fertilizer manufacturing and distribution, today announced results for its fiscal first quarter ended March 31, 2015.
First Quarter Highlights
-- Strong operating results evidenced by record best safety incident rate and 99% ammonia capacity utilization.
-- EBITDA(1) of $486 million.
-- Net earnings of $231 million or $4.79 per diluted share.
-- Repurchased 812,000 shares during quarter, plus 493,000 shares subsequent to quarter end, resulting in 47.1 million shares outstanding.
-- Increased revolving credit facility from $1.0 billion to $1.5 billion.
-- Continued progress on the capacity expansion projects, with start-up of first operating unit, Donaldsonville urea, expected in third quarter of 2015."
Good investment/hedge for a farmer.
Dunkin' Brands Group Inc DNKN and Diageo--DEO may merge soon and change name to Drunken Brands. The Donut division plans to start injecting alcohol into their donuts and serving it in their coffee.
You may want to have a drink and buy some DNKN on the rumor I'm starting here today.
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.