Wednesday, March 20, 2013

Current Trading Portfolio.


Our current trading portfolio.  We continue to move towards stocks that have sold off, present values, or stable in price. 

O...Realty Income...This stock has been a favorite for many years due to the quality of the real estate assets and the monthly dividend.  However the price has moved up to above $45 and we no longer consider it a value there.  We continue to sell options at the $40 price point when the opportunity presents itself. 

CTL...Centurylink....We like this stock a lot at the current sold off price due to the cut in dividend.  We believe CTL has reached the point where the value is compelling and the dividend rock solid.  We sell options at a $32 strike price. 

BBT..BB&T Bank...New to our list due to the weakness recently.  The thought that this bank might not be solid due to the stress test is silly.  BB&T was one of the few banks that came through the financial crisis in good shape.  We use a $29 strike price. 

BP.. .BP Petroleum...This oil company is paying a good dividend and has sold off due the current court proceedings.  We believe the bad news is priced in here and once the taint is lifted and court settlements done it will move up.  At $40 we like it. 

INTC....Intel....One of the old line tech stocks that has sold off a good bit.   We believe the manufacturing quality and size make it appealing at $20. New to our list. 

LO...Lorrilard....At $35 this stock is worth the options and risk of menthol regulations. 

AAPL...Apple has sold off and we would be more than glad to own it at $400.  New to our list. 

BTE..Baytex Energy....New to our list and replaces long held ERF.  BTE is mainly a Canadian oil producer of heavy oil.  Has a monthly dividend.  Solid profitable company that could jump with approval of Keystone XL pipeline.  $40 is our strike price. 

SO...Southern Company...Our oldest and still most solid holding. $42 is our strike price. 

T..AT&T...Another long time holding.  We like it at $33. 

MSFT..  Microsoft....New to our list due to the belief it has become one of the most dependable cash generators in the US.   We like it at $26. 

SHLD...Sears Holdings....Lousy retail business that has done decently with web marketing.  We like it due to the real estate holdings and think at $40 it is a value.  New to our list. 

FTR...Frontier Communications...We hold this stock, but will eventually sell it off not due to bad business prospects rather market dislike of it's long term potential.  We currently hold it at $4.

TCAP...Triangle Capital....We love the management and the quality of the business. However the price is way above our $22.50 strike price making trades almost impossible. 

BCE...Bell Canada...Strongest telecom in Canada, but above our strike price of $40 enough we will no longer trade it. 

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