Bought back some BMY below $20. I previously sold it in 4/07 at $32. Looking to collect the 6% dividend if it holds. This is in the IRA account, so the high dividend income is important. There was some small insider buying recently (in May 2008) at prices between $21-$22.
Peeled off some shares of CMCSA.
Excluding the mutual fund component, my IRA has 22 different stocks and 2 bonds (U.S Treasury strips). It is weighted pretty heavy with Oil, NG and energy infrastructure stocks. The sector break down is as follows: 20% Integrated Oil & Oil Services, 14% drug & Health Care companies, 12% energy pipeline & distribution, 10% conglomerate & technology, 9% diversified utility, 9% US Treasury Strips, 8% financials, 7% shipping (oil tankers), 5% REIT (land & office buildings), 4% media (TV & radio) and 2% Automotive.
The heavy energy component has helped the portfolio value appreciation and the drug company component has generated good dividend income. I think BMY below $20 is a good addition to the mix.
EKS |
