07-19-2013, 07:33 AM
I sold some LLY shares yesterday at $50.50. I bought these shares at $35, $37 and $48. The stock had been as high as $58 last spring but has not done well since and they haven't raised the dividend since Bush was in office.
LLY has had some disapointing drug trials and now they are freezing employees pay. Doesn't sound too promising so I sold 2/3rds of the position. Still a 3.9% yield is pretty good but I didn't like the news or the price action over the last few months, and I didn't think it would be wise to put more money on what might be a company with future troubles.
Now what to buy? A few I'm looking at are TGT, WMT, OKE, WMB. any others?
I missed a couple really good opportunities not very long ago - BA around $73 and AMGN at $82. Shoulda woulda coulda.
LLY has had some disapointing drug trials and now they are freezing employees pay. Doesn't sound too promising so I sold 2/3rds of the position. Still a 3.9% yield is pretty good but I didn't like the news or the price action over the last few months, and I didn't think it would be wise to put more money on what might be a company with future troubles.
Now what to buy? A few I'm looking at are TGT, WMT, OKE, WMB. any others?
I missed a couple really good opportunities not very long ago - BA around $73 and AMGN at $82. Shoulda woulda coulda.