Dear Diary,
I just sold out all but one share of American Eagle Outfitters (AEO) at $15.54 a share, a loss of loss of $6.30 a share, as the Net Profit Margin is projected to narrow.
I also sold the Huntsman (HUN) position in total for $4.89 a share, a $0.21 a share gain. This was a Cash On Sale Arbitrage that I started last August 25, 2008. It was one of those 100% deals that fell through, discussed in "The New Buffettology," in the Arbitrage section.
I'm now buying several stocks based in their price being at a 50% or better discount to Working Capital. They were just bought as follows:
Symbol/ Buy$/ Working Capital
PKOH/ $4.09/ $22.99
ETFC/ $2.45/ $17.16
HDNG/ $4.57/ $13.23
PERY/ $7.11/ $15.08
MNTX/ $0.75/ $2.32
CCIX/ $2.53/ $6.92
SBSA/ $0.18/ $0.66
ROX/ $0.22/ $1.19
I have a few more stock to buy under this arrangement, but my portfolio looks very good.
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.