Dear Diary,
General Electric (GE) announced today that it will cut its dividend from $0.31 a share to $0.10 a share later this year. I like the move, as this will help the balance sheet in time.
Jones Soda (JSDA) is up 167% from last month's low of about $0.30 a share to $0.80 a share today on news of a new tea to be distributed. Net Quick Assets is listed at $0.60 a share, lending credibility to the Buffett-Graham Net Quick Asset Deal. My average buy price is $0.81 a share.
Gene
Friday, February 27, 2009
Time For An Update
Dear Diary,
I've been busy the past month, so I'm taking time to play catchup.
First, I bought more Medtronic (MDT) on 1-28-09, bringing my average purchase price down from $49.85 a share to $36.86.
Second, I bought more Heely's (HLYS) at $1.99 a share, bringing the average purchase price down to $2.16 a share from $3.28.
Lastly, I saw the ALO Cash on Sale Arbitrage finally pay me on 1-30-09 for a profit. I find that this Arbitrage approach has significant downside and little upside potential, so I'll probably not do too many of these in the future, unless I see significant upside on a deal.
I continue to have faith in my Buffett-Graham Net Quick Asset Deals, and Holy Grail remains outstanding.
Gene
I've been busy the past month, so I'm taking time to play catchup.
First, I bought more Medtronic (MDT) on 1-28-09, bringing my average purchase price down from $49.85 a share to $36.86.
Second, I bought more Heely's (HLYS) at $1.99 a share, bringing the average purchase price down to $2.16 a share from $3.28.
Lastly, I saw the ALO Cash on Sale Arbitrage finally pay me on 1-30-09 for a profit. I find that this Arbitrage approach has significant downside and little upside potential, so I'll probably not do too many of these in the future, unless I see significant upside on a deal.
I continue to have faith in my Buffett-Graham Net Quick Asset Deals, and Holy Grail remains outstanding.
Gene
Tuesday, February 24, 2009
Market at Lowest Point in Dozen Years
Dear Diary,
The talking heads are saying that "the Market is at its lowest point in a dozen years." I'm trying to get more cash into General Electric (GE) at $8 a share, a serious discount to Net Quick Assets of $22.00 and change, according to "Value Line." If this isn't Armageddon, I'll be a rich man on the other side of this crash.
Gene
The talking heads are saying that "the Market is at its lowest point in a dozen years." I'm trying to get more cash into General Electric (GE) at $8 a share, a serious discount to Net Quick Assets of $22.00 and change, according to "Value Line." If this isn't Armageddon, I'll be a rich man on the other side of this crash.
Gene
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