Monday, October 26, 2015

Recent Sell: PNY; Recent Buy: SO


On October 26, 2015, I sold my entire holding of PNY (14 shares) at $57.75 and bought 22 shares of the Southern Company at $45.58.

There is nothing wrong with PNY. It's a great utility but I distrust DUK. I could have waited for the $60 buyout but the buyout is closing in 2016 and my taxes will probably go over the 25% range next year so I took it for tax avoidance (being single sucks).

DUK's problems
  1. high debt
  2. corruption. I mean a lot of corruption 
    1. Ohio lawsuit
    2. Coal ash in people's water
    3. edwardsport plant
    4. etc.
Total dividend fund stands at $2169.14 + FCISX distributions.

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