Dear Diary,
Yesterday, I sold WINS at $6.15 a share, an 11% gain over a 47 day holding period (85.43% annualized), from a $5.52 a share purchase price.
I opened Arbitrage #12 with more shares of ROH, bringing my previous purchase price down from $69.64 a share on 10-16-08 to $61.76 on 12-29-08.
I also bought shares on Waters Corp. (WAT) yesterday at $35.70 (10 times expected 2009 earnings) for a long position on a Consumer Monopolistic arrangement. This means that I hope never to sell this position because of its long history of excellent economics (i. e. upward trends in earnings, share holder equity, double digit return on total capital, etc.). The expected earnings per share for 2009 are $3.70 with a widening net profit margin. All calculations do not include a minimal brokerage fee.
Gene
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2005, In Front of IRS Building, Washington, D.C.
Diary of a Business Investor
Gene Chapman
2005, In Front of IRS Building, Washington, D.C.
About Me
- Gene Chapman, Author
- P. O. Box 295545, Lewisville, Texas 75029
- MahatmaGandhiGlobalLibrary.blogspot.com or LibertarianGlobalLibrary.blogspot.com gkchapman2012@hotmail.com "Creating World Peace One Word at a Time" And for those who wish, you are invited to participate in funding all aspects of and in the building of a physical library building within walking distance of both the White House and the U. S. Capitol Building in Washington, D. C., as a voice of nonviolence and a safe harbor for Gandhian intellectuals in this epicenter of political violence on earth.