The government reported last week that it had underreported job creation by about 386,000 between April 2011 and March 2012. This revision is based the state unemployment insurance tax reports that virtually all employers are required to file. CES Preliminary Benchmark Announcement
The government reported last Thursday that seasonally adjusted initial claims for unemployment decreased 26,000 to 359,000. ETA Press Release: Unemployment Insurance Weekly Claims Report
MFA Financial, a mortgage REIT, announced a $.21 per share quarterly dividend. I own 100 shares in the ROTH IRA bought in two 50 share lots. Bought 50 of MFA at 8 in ROTH IRA (6/24/11 Post); Added 50 MFA at 7.78 in Roth IRA (7/21/11 Post). As with other mortgage REITs, the dividend has been trending down in recent quarters. MFA Financial- Dividends)(Last Friday's Close: MFA: 8.50 -0.01)
The ISM Chicago PMI was reported last Friday at 49.7, the lowest level in three years.
1. General Electric (own 510+): Last week, GE shares hit a four year high after the company forecasted that organic growth in its industrial businesses will grow 10% this year. Jeff Immelt also stated that these businesses were "gaining momentum". Reuters; MarketWatch; WSJ
GE Interactive Chart (five year)
I have been reinvesting the dividend, but will probably soon change the distribution option to cash.
Last Friday's Close: GE: 22.71 -0.02 (-0.09%)
2. Cisco (own 151+): Goldman Sachs reiterated its conviction buy on Cisco Systems with a $24 price target. That reiteration occurred after a meeting with Cisco's CEO, where Chambers was upbeat. GS believes that the market is underestimating Cisco's "long term earnings potential and applying an unwarranted discount" to the earnings multiple.
Last Friday's Close: CSCO: 19.09 +0.30 (+1.60%)
3. Xinyuan Real Estate (own: LT Category): There was an unusual development with this Chinese real estate company. Xinyuan Real Estate announced that it had acquired a 92,000 square foot parcel in the Williamsburg neighborhood of Brooklyn, N.Y. The company paid USD $54.2M. The company claims that the land is shovel ready, with some design modifications, for a condominium project. XIN expects to begin construction in the 2013 first half.
I own 100 shares at a total average cost of $2.64, bought in two 50 share lots. Lottery Ticket Basket Strategy
Last Friday's Close: XIN: 2.85 +0.13 (+4.78%)
4. Sold 150 of 200 FAM at $18.6352 Last Friday (see Disclaimer): Last Thursday, FAM closed at $18.30 and had a net asset value at that time of $18.12. First Trust/Aberdeen Global Opportunity Income Fund (FAM) is a bond CEF. It was scheduled to go ex dividend for its 13 cent monthly distribution on 10/1. The rise last Friday of 33 cents per share was most likely due to individuals bidding up this security just before the ex dividend data. Instead of taking the 13 cent dividend, I decided to harvest a long term capital gain on the shares. I also sold my highest cost shares, leaving me with a balance of 50 shares purchased last October at $16.08.
FAM Page at the CEFA.
I realized a gain a long term capital gain of $114.23 on the 150 shares bought in November 2010:
Bought 50 FAM @ 17.37 (November 2010); Bought 100 FAM @ 17.9 (November 2010).
I received a 13 cent monthly dividend on those 150 shares since their purchase in November 2010 ($19.5 per month). FAM Dividend History At a total average cost per share of $17.82, the yield to me was 8.75%.
Last Friday's Close: FAM: 18.63 +0.33 (+1.80%)
MFA Financial, a mortgage REIT, announced a $.21 per share quarterly dividend. I own 100 shares in the ROTH IRA bought in two 50 share lots. Bought 50 of MFA at 8 in ROTH IRA (6/24/11 Post); Added 50 MFA at 7.78 in Roth IRA (7/21/11 Post). As with other mortgage REITs, the dividend has been trending down in recent quarters. MFA Financial- Dividends)(Last Friday's Close: MFA: 8.50 -0.01)
The ISM Chicago PMI was reported last Friday at 49.7, the lowest level in three years.
1. General Electric (own 510+): Last week, GE shares hit a four year high after the company forecasted that organic growth in its industrial businesses will grow 10% this year. Jeff Immelt also stated that these businesses were "gaining momentum". Reuters; MarketWatch; WSJ
GE Interactive Chart (five year)
I have been reinvesting the dividend, but will probably soon change the distribution option to cash.
Last Friday's Close: GE: 22.71 -0.02 (-0.09%)
2. Cisco (own 151+): Goldman Sachs reiterated its conviction buy on Cisco Systems with a $24 price target. That reiteration occurred after a meeting with Cisco's CEO, where Chambers was upbeat. GS believes that the market is underestimating Cisco's "long term earnings potential and applying an unwarranted discount" to the earnings multiple.
Last Friday's Close: CSCO: 19.09 +0.30 (+1.60%)
3. Xinyuan Real Estate (own: LT Category): There was an unusual development with this Chinese real estate company. Xinyuan Real Estate announced that it had acquired a 92,000 square foot parcel in the Williamsburg neighborhood of Brooklyn, N.Y. The company paid USD $54.2M. The company claims that the land is shovel ready, with some design modifications, for a condominium project. XIN expects to begin construction in the 2013 first half.
I own 100 shares at a total average cost of $2.64, bought in two 50 share lots. Lottery Ticket Basket Strategy
Last Friday's Close: XIN: 2.85 +0.13 (+4.78%)
4. Sold 150 of 200 FAM at $18.6352 Last Friday (see Disclaimer): Last Thursday, FAM closed at $18.30 and had a net asset value at that time of $18.12. First Trust/Aberdeen Global Opportunity Income Fund (FAM) is a bond CEF. It was scheduled to go ex dividend for its 13 cent monthly distribution on 10/1. The rise last Friday of 33 cents per share was most likely due to individuals bidding up this security just before the ex dividend data. Instead of taking the 13 cent dividend, I decided to harvest a long term capital gain on the shares. I also sold my highest cost shares, leaving me with a balance of 50 shares purchased last October at $16.08.
FAM Page at the CEFA.
I realized a gain a long term capital gain of $114.23 on the 150 shares bought in November 2010:
 |
| 2012 FAM 150 Shares LT +$114.23 |
I received a 13 cent monthly dividend on those 150 shares since their purchase in November 2010 ($19.5 per month). FAM Dividend History At a total average cost per share of $17.82, the yield to me was 8.75%.
Last Friday's Close: FAM: 18.63 +0.33 (+1.80%)
No comments:
Post a Comment