Grandma sold out of ITYBY today while trading at yearly high. It was just under 1% of her assets and raised her cash holdings to about 2.5%.
Grandma's waiting for a correction in the market.
Imperial Tobacco Group PLC---ITYBY
They're also a big winner because they gain some key brands so the deal may meet antitrust issues. It's currently trading within 1% of its yearly high of 100.
I own very small positions in some of my accounts.
I value LO at 66 until we know if the deal meets government approval thus I'm still short the March 67.5 and 65 call options.
Nearly doubled my position today in IRA #3 on the weak earning's report. Paid 22.45/share for it and it now makes up 1.5% of the assets in the account.
Note--it goes xd in about 2 weeks.
Grandma sold out today for a 10% gain because the stock stopped dropping and she was unable to build a meaningful position.
She has an order in to buy one of her other holdings if it drops another 3%.
"Berkshire’s gain in net worth during 2014 was $18.3 billion, which increased the per-share book value of
both our Class A and Class B stock by 8.3%. Over the last 50 years (that is, since present management took over),
per-share book value has grown from $19 to $146,186, a rate of 19.4% compounded annually."
Wrong again. I better bring my 2015 projections down also---159,159.
Yes I missed that one too.
Our stock holdings just didn't get us there was a large pension plan charge.
Two other insurance companies I follow and own did a little better--MRH +15% and AIG +12%.
"From my perspective, though, Charlie’s most important architectural feat was the design of today’s
Berkshire. The blueprint he gave me was simple: Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices".
Great advice for young investors--DIS and NKE are two such companies..
Will we earn over $20 billion? We should have some stock gains but we also traded away longtime stock holdings for businesses thus avoiding taxable income.
Berkshire last had a market cap of $20 billion in 1994 when we only earned $420/share.
Took some profits today in NSC because I needed the cash and I sold out of the $$ put options against it that require me to buy it back if it drops under 100. My remaining shares will be held long-term. I sold 2/3 of my shares.
In other news-the BRK annual report hits tomorrow. I've got my Sees Candies, Coke and Dairy Queen ice cream all waiting.
Sold about 40% of my LO shares in IRA #1 and put some of the cash in BRK upping my position by 15% to 5.5% of the total value of the account. BRK is again the #1 holding in this account with LO a close 2nd. I paid 148/share which is the most I've ever paid for it.
Surprisingly, most of my shares weren't called away for the dividend.
However in one of my IRAs I was short the March-65 calls and they were called. This $$$ was invested in three stocks via selling cash secured puts.
In other news-BRK annual report comes out Saturday.
Maybe it's true-"this BUD is for you".
" Total dividend 3.00 euros from 2.05 euros for 2013
* Plans $1 bln share buyback
* Sees better industry volumes in U.S., Mexico, China
* Q4 core profit $5.07 bln vs Reuters poll consensus of $5.30 bln (Updates after conference call, adds shares)
By Philip Blenkinsop
LEUVEN, Belgium, Feb 26 (Reuters) - Anheuser-Busch InBev , the world's largest brewer, announced a sharply higher dividend and a $1-billion share buyback on Thursday, promising increased investor returns in years ahead.
It also forecast improved beer sales in most of its major markets this year, particularly with the growth in emerging markets of higher priced premium brands such as Budweiser, 60 percent of which is now sold outside the United States.
The cash-rich, Belgium-based company proposed a total dividend of 3.00 euros for 2014, a jump from 2.05 euros for 2013. Analysts had on average been expecting 2.92 euros.
"Our goal is to reach a dividend yield of 3-4 percent in line with other consumer goods companies," Chief Financial Officer Felipe Dutra told a conference call after a 2014 payout equivalent to 2.7 percent."
She sold call options against her GE shares today.
She's also short LO-June 67.5 call options and the stock goes XD tomorrow. If it's called away for the dividend she'll have lots of cash available for other investments. LO is currently priced over 69 and the dividend is $.66/share.