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September 2010

Recs

6

Just bought Wells Fargo - my thesis

September 26, 2010 – Comments (3) | RELATED TICKERS: WFC , USB , BBT

I just bought some shares in Wells Fargo. I missed the chance to buy the stock at $9 in the middle of the crash. The government intervened successfully, and now everyone's decrying socialism, but face it - a number of banks could have gone to zero. Wells probably would not have, but hindsight is 20/20. For the record, I think the next victim would have been Citi.  [more]

Recs

3

Realty Income's dividend will be under stress, but the firm will probably pull through

September 24, 2010 – Comments (0) | RELATED TICKERS: O

I started buying Realty Income in 2008, when the stock dipped below $26. I automatically reinvested the dividends and bought more in the lower $20s during the crash. I haven't picked it in CAPS, but Realty is one of the best performers in my real life portfolio. Counting dividends, I am up a total of 43% from when I started buying.  [more]

Recs

3

Thoughts on Adobe

September 22, 2010 – Comments (5) | RELATED TICKERS: ADBE

Adobe posted results that were disappointing enough to send the stock down 20%. Perhaps bargain hunters will pile in tomorrow, but I don't think the stock is quite cheap enough yet.  [more]

Recs

1

Carmax's results indicate pent up demand for autos

September 22, 2010 – Comments (6) | RELATED TICKERS: KMX , F

Carmax posted results today that the market seems to be happy about. In particular, their comparable store sales rose by 4% from last year - and last year's sales were boosted by the (worthless, imo) Cash for Clunkers tax credit. Furthermore, CarMax Auto Finance's operating margins rose by a percent.  [more]

Recs

3

How not to use options: Some idiot put his daughter's college fund all in $10 calls on Arena Pharmaceuticals

September 21, 2010 – Comments (2) | RELATED TICKERS: ARNA , F

Arena had an FDA panel decision go the wrong way.  [more]

Recs

0

Options update: Apollo Group

September 16, 2010 – Comments (0) | RELATED TICKERS: APOL

With for profit education being in the spotlight (in a bad way), I sold a $55-45 put spread on Apollo, expiring January 2011. I chose a put spread because I wanted to protect myself against any tail risk to Apollo - for example, drastic actions by the government that seriously damaged their business.  [more]

Recs

1

Energy stocks worth considering

September 14, 2010 – Comments (0) | RELATED TICKERS: UPL , SE , RIG

In this article, Morningstar notes that a number of the top-rated fund managers they track have been wading into energy stocks, possibly taking advantage of a dip from the Deepwater Horizon disaster. M* analysts actually don't agree with many of the buys. Fund managers bought Occidental, BP, Patterson-UTI, Suncor and Apache, but all aren't trading at sufficient discounts for the M* crowd.  [more]

Recs

0

Options Update: Western Union

September 09, 2010 – Comments (0)

A while back, I suggested selling puts on Western Union, which is a bullish position on the stock. I sold the November 2010 $15 puts at $1.50, which meant that I agreed to effectively buy the stock at $13.50 if it fell below $15. Since then, the price of those puts has declined to $0.50 or less. I closed that position.  [more]

Recs

1

Enterprise GP Holdings gets buyout offer

September 07, 2010 – Comments (1) | RELATED TICKERS: EPD , EPE.DL2 , ETE

Somewhat unexpectedly, Enterprise Products Partners (EPD) offered to buy its general partner, Enterprise GP Holdings, out. EPE holders will get 1.5 EPD units.  [more]

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