Apr 2, 2003 - sold my final 235 shs of TW @ 12.48 proceeds.
These were my last shares of TW and ends a 9 year relationship. I may buy
TW or its parent AIG in the future because I still believe in the CA car
insurance business (but I will probably buy AIG because it calls the shots now and is more visible).
Here are the total cost, sales revs, div income and profit from TW
costs 14,738.15
sales proceeds 26,107.05
div income 4,165.70
total proceeds 30,272.75
profit 15,534.60
About a double in 9+ yrs; annl return of 8.33% - bit less than 9% historical
return on stocks according to the Ibbotson data. This is
simplistic calculation because I sold shares between 1998
thru 2003 at cost ranging from 24 to 12.48, but I must
keep thing simple or forgo weighted avgs and the really
complicated calcs for now.
Not a bad operation, although I got a little cocky when WDC was
selling at 30 back in 1998 because Wall St believed AIG was going to
the remaining bit of TW it did not already own, in hindsight that was
the time to sell - the sales revs would have been about $45,000
Another point is TW restarted its div, raised its div, and cut its div during
my holding period. So a good co with a div history will re-instate its div if at all possible AND divs do mean something; about 30% of TW return coming from dividends. |
