Brendan Watt, okay, I'll try to slowly follow you out of Moody's (MCO). Sold 1/3 of my position today (also in a non-taxable account). While this stock might be a Buffett hold-forever, I find the price very expensive around current level. And, like you, I am concerned about legal attacks on companies with deep pockets who are associated with Enron.
Sold out of remaining shares of NOR today. It seems to look like the company has had side business deals with its executives. Given Enron, that's enough, I am guessing, to have dropped this energy/utility stock to near annual lows. Enough to spook me too. Last time it dropped to lows, I was a buyer. Not this time.
Nice dividend yield and potential stock gain from here for those with some guts and knowledge of the situation (That eliminates me!) who determine that it's a buy and are proved right.
Freeing up some buying power by taking losses in sales of HLTH, and (sigh) my 1999 purchases of BMY (which have turned from gains to losses). Too many BMY management screwups this past year for me to maintain an overly large position in this company now. (For now, I've backed down to just a large position - large relative to the stock's % dollar value of the portfolio.)
I've started a position in a geezer's stock, CWT. Price looks reasonable, long history of dividend increases, and div. yield now about 4.7%. In past couple of years there's been consolidation in the water utility business, so CWT might appeal to an acquirer. Stock now is suitable for a Mom's Account, imo.
finance.yahoo.com
Paul Senior |
