Paid 46.1/share. More than doubled my position to 1.73% of the assets in this account. Dividend yield is about 4.8%. I like the yield and their free cash flow numbers.
I also should have some shares put to me in IRA #3 with an option adjusted cost of about 45.7/share this Friday if VZ stays under 47 due to put options I'm short.
Note VZ goes XD in early January which is another reason I sold those Dec 20 put options last month.
She's very ill and I'm afraid she doesn't have long to live thus unless her situation changes she will not buy it back. She never had an IRA so the sell will help her with taxes primarily with the State of Oregon.
Grandma sold out today for tax loss reasons thus eliminating 15% of her taxable year to date gains. She'll also sell the balance of her EZ holdings after options expire 12/20 which takes care of another third of her taxable gains. .
Her account is up about 12% ytd, which is in line with the overall market.
I'll need at least 3 cigars to get through that game.
Added some VZ in IRA #3 today under 47.
It's another good day to be in the arb deal LO today.
I bought into it about 7 years ago because at the time I liked their cable tv, radio and education divisions and they also owned BRK stock. I've just held on to it and may never sell it. It's up about 50% plus dividends since I bought it. I haven't looked at it since the deal with BRK but both companies benefited greatly buy the tax structure of the deal with respect to trading shares of stock that each had in one another.
Too bad for PG that they weren't buying BRK stock because they would have gotten a lot more for their dollar on the Duracell deal.
And now GMCR is down about 20% from its recent high and SBUX is trading near highs.
I bought more of one and held the other today.
To celebrate I I bought more cigars today to enjoy while watching the Ducks and Cats battle Friday night.
"Multinational oil company Weatherford International (NYSE:WFT) says that it has agreed to sell its engineered chemistry and integrity drilling fluids business to Berkshire Hathaway's (NYSE:BRKA) Lubrizol for $750 million in cash, with $75 million in additional possible post-closing earnout.
The move is part of Weatherford's plans to divest its noncore business and brings its realized cash divestiture proceeds to about $1.8 billion during 2014, with implied net debt between $6.6 billion and $6.8 billion by the end of the calendar year, said CEO Bernard Duroc-Danner in a statement.
The deal is expected to close before the end of 2014, with sale proceeds used to pay down debt. The engineered chemistry unit chemically treats oil and gas production, additives and produced waters, while its integrity drilling fluids unit includes drilling fluid systems and drilling operations-related additives, said the company."
By ELAINE LOW, INVESTOR'S BUSINESS DAILY
And Berkshire keeps buying- just call Buffett.
"College Football Championship Futures. The Alabama Crimson Tide are sitting as the 7/2 favorites on the odds to win the College Football Championshp Game at Bovada, followed by Oregon at 4/1, Florida State and TCU at 7/1, and Mississippi State and Ohio State at 15/2."
Last week Ohio State was ranked number 3 behind Bama and Oregon. They need some help.
But it does trade at 40 times next year's earnings and in my opinion earning's growth will continue to decline thus the stock is priced for perfection.
GMCR has confirmed that earnings will be announced Wednesday. The consensus earnings are $0.77, with a high and low of $0.86 and $0.73, respectively. The mean has not changed significantly as the end of the quarter nears.
Expected Timing: After close
I'll say they meet expectations but warn about the future and the stock drops 8% to 141/share. Current price 153.
IBM recently went XD and rather than take the cash she's elected to reinvest the dividend.
IBM is currently her 8th largest position with a cost basis of 190/share.
He sure didn't answer her question-why is he charging a 2% fee to manage a fund that earns less than an Index Fund? And Cramer didn't address that either because his charitable trust also underperforms the averages by a wide margin.
List of Large Caps in this Slideshow:
Large Cap Company Ticker Market Cap
Apple Inc AAPL 639.33
Exxon Mobil Corp. XOM 411.93
Microsoft Corporation MSFT 401.26
Google Inc GOOG 367.00
Berkshire Hathaway Inc. BRK.A 344.00
Johnson & Johnson JNJ 302.86
Wells Fargo & Co. WFC 281.07
We're currently in 5th place but three of the top five pay dividends and buy back shares which in my opinion makes it a two way race between GOOG and BRK as to whom will eventually be the largest.