Last
week Nathan sent me a link about the largest shareholder of ViaSat
(VSAT) stock. He is Seth Klarman, and he runs the Baupost Group which
is a large hedge fund. Hedge fund is another term for a mutual fund
that only super rich people can participate in. About 3 years ago, Seth
bought $300 million worth of ViaSat stock, and now he is up to $500
million, which is 25% of our company. I believe that Seth is buying our
stock with the full approval of Mark Dankberg, our CEO, which means
that Seth will not try to do a boardroom battle and oust Mark some day.
But still, having someone own 25% of your company can sometimes turn
bad with that much money involved. I am interested in seeing Baupost's
filing for next quarter (end of March, 2013) to see if Seth sold any
VSAT stock when we hit $50 in early February. I certainly sold mine.
Here is the Seth Klarman link:
http://seekingalpha.com/article/1200961-a-review-of-seth-klarman-s-baupost-group-s-q4-u-s-equity-changes?source=yahoo
Also,
last week Diana asked if it was time to buy Intel (INTC). INTC low
today was $20.10, and their 52 week low is $19.23. I would like to buy
INTC at $19, because they also pay a 4.3% dividend. So I checked their
PUT Options and found the October PUT at Strike $20 was as high as $1.50
today. That would mean an total buy price of $18.50 ($20 - $1.50) if I
were to sell this PUT for $1.50 and then get INTC PUT to me for $20. I
have not decided yet if I want to do this.
The PUT options I am considering now are:
INTC Oct$20@$1.50 7.5% option premium and a 4.3% dividend
NVDA Sep$12@$1.20 10% option premium and a 2.40% dividend
PBR Oct$15@$1.50 10% option premium and a 1.50% dividend
HMY Aug$6@$.60 10% option premium and a 1.40% dividend
APOL Aug$17@$1.70 10% option premium and a 0.00% dividend
Since
I am retiring, my wife and I have generated a Budget spreadsheet that
captures all the categories where we spend money. This spreadsheet also
includes a daily Ledger where we are logging in the expenses for each
day. It will total them up for every month to compare against our
budget. We need to be sure that our retirement income is adequate for
our lifestyle. This Budget Ledger spreadsheet is attached above and is
available for download at www.ultimatestockfinder.com at the "Investment
Training Webpage"
For
ViaSat employees, Mutual Fund Evaluator.xls has a worksheet "ViaSat
401K Fund Symbols" that shows the JP Morgan descriptive fund names and
stock market symbols. The JP Morgan
website is not very clear about what the symbols are for several of our
401K funds, so now you can easily look up the symbol for your funds and
read how they are performing in the "MutualFundEvaluator" worksheet.
Here are my Buys and Sells so far for this month February 2013:
Buy Company Buy
Date Bought Price Target Sell
----- --------- ------ -------------
none
Sell Company Sell Buy Buy
Date Sold Price Price Date
------- ---------- ------- ------- ------------
2/4 AAPL $36.00 not bought unless it is PUT to me.
PUT$430 Oct2013
2/7 VSAT $4.00 $32 Employee Stock Purch Plan 6/29/2012
CALL $50 Sep2013
2/8 RFMD $.75 $4.45 1/9/2012
CALL $5 Aug2013
2/11 MU $.82 $6.50 9/10/2010
CALL $8 Jul2013
2/11 SKUL $1.20 not bought unless it is PUT to me.
PUT$6 Sep2013
2/21 AAPL $40.00 not bought unless it is PUT to me.
PUT$425 Jan2014
Check out how I use Options
(PUT's and CALL's) to make more money off some of the stocks I buy and
sell while still minimizing the risk to me. "Go to Investment Training
Webpage" on the right hand side at www.UltimateStockFinder.com
StockEvaluator.xls and Mutual FundEvaluator.xls are available on www.ultimatestockfinder.com
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