At first glance, based just on what I read about Mitchell so far, I am not inclined to put as much faith in his reliability as Dick Cheney. But Cheney reaches his judgment using a different process than me, more like forming an opinion first and then accepting as true whatever information conforms to the opinion or pre-existing worldview. Thus, he would keep repeating an assertion about some matter that allegedly justified the Iraq invasion even after it has been proven to be untrue. More articles about Mitchell are linked below:
The total value in ING preferred positions is not material for me. I have used the discussion of INZ primarily as an illustration of trading techniques and the amount of information needed to make intelligent decisions about this type of security. I do not think that I have discussed at all the transactions involving IND which would be just duplicative of the points made in connection with INZ. At the present, I am content just to hold what I own.
Sanofi-Aventis (SNY), a recently added position, released a good earnings report this morning. Yahoo! Finance Earnings were up 9.8% on a constant currency basis and 16.8% on a reported basis. This is a French drug company. BOUGHT SNY/ SOLD 1/2 JZV: Risk Management/CEO Compensation/ING Finalizes Deal With Dutch Government/American General Finance/ It is interesting to me at least that two of the three drug companies that I own now are foreign, Novartis and Sanofi.
This is hardly worth a note but I will mention it anyway. I am going to wait and read the UCBH earnings call transcript before deciding to add another 50 even though the amount of money is irrelevant. This is more of an indication on how LB treats money decisions, as distinguished from any meaning being attached to a $60 investment. Some of the lottery ticket purchases have worked out extremely well, such as GRTPRF and CBG so far, and the UCBH lottery ticket of 50 shares is a tad under water. Lottery ticket means something equivalent to buying a powerball lottery ticket except the purchase is a stock certificate.