Wednesday, December 31, 2014

Last Buy for 2014

Hello Readers,

On December 31, 2014, I bought 45 shares of BBL at $43.00/share for a total of $1942. This will be my final buy of BBL. That gives me a total of 84 shares with a cost basis of $47.18 (i always include scottrade fee in my cost basis). With 45 shares, my forward expect dividend increased by $111.6. Was this a good buy? I don't know. I've always been horrible at guessing bottom prices but the dividend looked safe and I expect their demerge to create value. How much? Your guess is as good as mine. But I have a hankering that their new company will pay dividends (I'm guessing $0.01). If not, pure capital gain play.

For next year I'll be focusing on defensive stocks. I just opened a Loyal3 account and write a post when my trade goes through. By the way, wasn't General Mills once on loyal3?

As for my Scottrade, I will be flipping BAXTER and will make large buys when the prices tank (like BBL losing 35% of its value in a year). Why Baxter? I believe its a good core dividend player. I believe their spinoff will add additional value. I think BAX will freeze their dividends for 1-2 year like their last spinoff.

Have a Happy New Year. Last note: Nomorewaffles, what's wrong with you? Waffles are a gift from God!

Long BAX and BBL.

Disclaimer: I'm not a financial advisor...or know what I'm doing. 

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