Dear Diary,
I just sold all but one share of Coach (COH) at $23.99 a share, based on a Narrowing Net Profit Margin and project earnings for 2009 of $1.89 a share.
I sold out all but one share of Hansen Naturals for $43.86, based on the Holy Grail approach, as the stock now trades at 20 times projected earnings per share with a widening Net Profit Margin. My original purchase price was $35.97, far above what I should have paid last year, but the concept works out the same, just with less profit.
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.