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I have been an equities enthusiast for over two decades. I have read tens of thousands of pages on investing in the stock market and continue to read about investing on a regular basis. Daily, I watch the stock market and study individual companies. I am a former military officer. I am a... More
  • Bought Some AT&T, Today 0 comments
    Mar 14, 2014 1:34 PM | about stocks: T

    I picked up some shares of AT&T today @ 32.34 for Account IV, which is now almost 100% AT&T. Near 52 week lows. Sports a 1.84 annual dividend/apx 5.7% yield. I expect the ex-div date to be in early APR, so that provides .46/1.4% return in the near future. A few views on that: downside protection if things go bad; upside catalyst if buyers move in to capture the dividend.

    Still sitting on profits of what remains of my DKS position in the other accounts. Those shares likely are to be called away next Friday. DKS had a good quarter--earnings in-line, slight beat on the revenue, SSS growth solid, good new store growth. Lowered the outlook, but Wall Street still liked the story overall so the stock is up quite nicely.

    In other news: Crimea referendum comes up this weekend. We had a sell-off yesterday largely attributed to Crimea (Russian occupation) and China (reports on slowing economy). Today the markets are flat, but most of the commentary on CNBC weighs toward traders selling off or going short before the weekend. We'll see what happens.

    Disclosure: I am long T.

    Stocks: T
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