"During the third quarter of 2013, the Company repurchased a total of 1,235,193 shares at an average price of $25.53 per share. During the fourth quarter of 2013, the Company has thus far repurchased an additional 330,176 shares, at an average price per share of $26.66"
"Fully converted book value per common share was $28.06, an increase of 4.2% from June 30, 2013 and 8.7% from December 31, 2012, after taking into account common share dividends declared during the period.
Operating income for the quarter was $72 million, or $1.38 per common share, representing a quarterly return on common equity of 5.0%. Net income was $53 million, or $1.02 per common share. The net impact of realized and unrealized losses from investments and foreign exchange, which is included in net income, was $19 million for the quarter."
MRH is on track to buy back 10% of their outstanding shares this year.
3.4% of her shares were sold today which is just her way of collecting a dividend.
The State of Oregon thanks her because they don't care if it's a long term or short term gain it's all taxed the same. BRK is still her top holding with PM and LO gaining fast.
Sold 60% of my SYA position in my farm account today with the balance all paid for with my profits. This stock was purchased in March of 2012 for 10.5/share. Also sold the balance of my INTC shares in this account for a small 7% gain.
This account is currently 20% bonds, 10% cash and the balance in equities.
Why 94.49 you may be asking? Why not?
Other tobaccos- LO-52.25 MO-37.73 and RAI--51.15
In other news- Ducks are still alive for the national championship.
This stock dropped under 30 last year and I started buying as it traded down from 40 because they had lots of cash and it was trading at 10 times earnings.
Now almost a year later they still have lots of cash but they're now trading at 15-20 times earnings. Too much risk for me when you consider that it doesn't pay a dividend. I'd rather own a company that pays out half their earnings in the form of a dividend and still manage to grow earnings at double digit rates like a PM of MSFT but that's just me.
Good luck longs with DECK and I'll be there again if it should ever breakdown again.
Vanguard Brokerage Services® commission and fee schedules
Thanks HC, it may be time to start moving some of my accounts.
"vanguard charges me 2 bucks to buy it"???
Only $2 at Vanguard? If so I'm with the wrong firms.
LO is the largest holding in my ROTH IRAs making up 23% of the assets of the accounts. I've started selling call options against my shares again because I'm willing to sell about half of these shares above 52.5/sh.
Thanks again LO.
2012 Earnings per share in gold
2012 Gold closed at 1664 and we earned 8977 or 5.4 oz of gold.
2007 Gold closed at 836.5 and we earned 8548 or 10.2 oz of gold.---Last good year before crash.
2002 Gold ------------343 and ------------2795 or 8.15 oz of gold.
1997 Gold-------------287 and----earned 882 or 3 oz of gold.
1992 Gold-------------333 and----earned 355 or 1.07 oz of gold
1987 Gold------------486 and--earned--205 or .42 oz of gold-- Closing price of BRK in 1987 was about 2700/sh
I've been posting BRK' earnings per share in terms of gold for some time over on the BRKA message board.
third Quarter Earnings Announcement Expected: LO has confirmed that earnings will be announced Wednesday. The consensus earnings are $0.81, with a high and low of $0.83 and $0.78, respectively. The mean has not changed significantly as the end of the quarter nears. Expected Timing: Before market open
Thank you very much. I will have to sell some bonds to pay for my new shares. IBM now makes up 14.5% of the assets in this account whereas BRK is about 52%.
I'll continue to add more shares in my IRAs next week if the price continues to fall. I'm perplexed that very few of you see value here but I'll continue to add to my holdings.
Note-this account is having a good year- it's up over 30% year to date even though it owns IBM and EZPW my two biggest losers.
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"
Thank you CF.