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| Dave Rathbun |
 Posted: Thu Mar 01, 2007 4:50 pm Post subject: |
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CFO
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My "one year" time is just about up, and the stock closed today at 49.02. I am going to be re-evaluating the position. Right now I have a 21% return for less than a one year investment. And the purchase was in an IRA so the earnings are tax free. 
My current inclinations are to sell 80% of my shares to recover my investment and let the remaining 20% ride. Once I make a final decision I'll post back in this topic. |
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| Dave Rathbun |
| Posted: Thu Mar 01, 2007 5:23 pm Post subject: |
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CFO
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Oops.  I read the purchase date wrong. I'm actually over my year. I purchased BUD on Feb 9th, 2006. Just a few days after Feb 9th of 2007 BUD set a 52 week high at 52.25. It has dropped back some since then, but has held up fairly well in the market mess that has been the past few days of trading.
I now plan to hold for another 6-8 weeks and will re-evaluate.  |
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| Dave Rathbun |
| Posted: Tue Jul 01, 2008 7:29 am Post subject: Re: Anybody up for a BUD? |
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CFO
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Yahoo 2 year quote chart:
I am still holding this position. I haven't traded in / out, I simply bought and held for a bit over two years for a nice return. I purchased on Feb 9, 2006 at $40.45 per share. Last quote was $61 and change, giving me a 52% gain since the purchase date, over 20% per year. That does not include dividend payments as a part of the return calculation.
Sometimes you don't need sexy. Sometimes you must want to find something undervalued and wait. |
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| Grimreaper |
| Posted: Tue Jul 01, 2008 8:00 am Post subject: |
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CFO
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Ackchooly, da fackt dat a forin company wuz willin ta come in anna pay a premium is a signull dat BUD be overvalued.  Da trootha da mattah is dat America is getting sold off ta foriners who have noooo objeckshun to trading in piles ov werthless U.S. dallahs "ifn" it means dey own a pawt of America.  Here be a "real life" question fer ya. Since we know da Saudi's control a GAHUUGE stake in Earl and they will be dumping heavily soon to preserve profits as Earl stawts a tumblin $10/day on consecutive days.....da same Saudi's will mo than likely wanna "ave down" into the pawt ov America they have taken a total beating in. Do you know what pawt ov America dat be? BTW, "if" you hold onto BUD you will go back to yer o-rigi-nal purchase price very quickly. That is da punishment fer spewin bout how GOOG ya wuz doin. Sorry, dat be da way it werks.  |
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| Dave Rathbun |
| Posted: Tue Jul 01, 2008 9:48 am Post subject: |
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CFO
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| I will be watching this for the next few weeks, but I will likely sell most if not all of my holdings. |
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| prs1065 |
| Posted: Tue Jul 01, 2008 1:54 pm Post subject: |
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Investing Manager
Joined: 01 Sep 2007
Posts: 226
This Month: 8
1599.40 e$
Net worth: 37,585.40
Portfolio Value: 35,986.00
Monthly Return: -27.59%
Trades this month: 12
Churn Rate: 2.88%Items
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| Dave Rathbun |
| Posted: Mon Jul 07, 2008 3:22 am Post subject: |
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CFO
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I had 100 shares and ended up selling 75. The shares are in an IRA so other that commissions I don't have any taxes to worry about on the gains. I will let the other shares ride out the buy-out turmoil. 
Next question is where to roll that money? What's next? |
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| Dave Rathbun |
| Posted: Mon Jul 14, 2008 2:46 am Post subject: |
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CFO
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BUD got sold, for $70 a share. If I had held on to the 75 shares I sold, I would have made an extra $675 on the holdings. But I hedged my bets by selling some of the shares after it looked like they (BUD) might fight the takeover. In fact, only last week they filed a case to prevent the takeover in court.
When the buy offer was upped by an extra $5, BUD accepted. So at some point the remaining 25 shares will be taken off of my hands at $70, less the conversion cost which is always more than a sales commission for some reason. 
75 shares sold at $61.79 + 25 shares sold at $70 (in theory) nets an average sale price of $63.84. I purchased the holding Feb 9, 2006, and held the stock position for 2.5 years. Purchase price: $40.45, sale price $63.84, total return 57.8%, annualized return 23.8%, not including dividends.
I like it.  I would be perfectly happy to make this sort of investing decision all the time, unfortunately I'm not that good. |
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| Grimreaper |
| Posted: Mon Jul 14, 2008 3:28 am Post subject: |
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| Ackchooly, BUD is trading at 67.50...on da open ov course. It ainna sold at $70 till it gits sold at $70. BTW, since da offer price is $70 and da stock is tradin balow dere....it kinda "looks like" EEEEE-Z muny...donut? No thanks....I'll have a bran muffin pleez. |
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| Dave Rathbun |
| Posted: Mon Jul 14, 2008 8:06 am Post subject: |
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CFO
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| I suspect the reason it's trading below $70 is folks are still guessing as to whether the deal will close at that price or not. BUD management has agreed to the new price, but it has to go to the shareholders. |
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| Grimreaper |
| Posted: Mon Jul 14, 2008 9:14 am Post subject: |
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CFO
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| Dave Rathbun wrote: | | I suspect the reason it's trading below $70 is folks are still guessing as to whether the deal will close at that price or not. BUD management has agreed to the new price, but it has to go to the shareholders. |
Well, we are almost throo da tradin day anna it STILL didn hit $70. Whatcha gonna do....wait for the strong market rally that is gonna begin tamarrah and wonder why not $70 when there are stocks that are deemed as werthless doublin n triplin aaaaall around you? What'll dat tell ya bout BUD? Doan werry, da foriners kin have aaaall da savings n loans dey wanna buy ifn yer werried there woana be no pieces n pawts ov America left over ta flush. |
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| Dave Rathbun |
| Posted: Mon Jul 14, 2008 4:45 pm Post subject: |
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CFO
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Have you watched stocks being taken over / bought out before? They never trade at the buyout price until the very end. There are two things at play: time value of money, and people who think the merger still has a chance of being voted down by the shareholders.
The merger is not likely to complete until the end of the year. $70 at the end of the year is worth less in today's dollars, so the stock is trading lower. There is a slim chance the shareholders will decline the merger, at which point the $70 price is no good. Either / both of these is in play today.
As the official buy-out day gets closer, the stock will trade up towards the $70 price. But even on the day before the final transaction, it still won't trade at $70, because people won't be paying $70 per share + commission and then turn around and sell for $70 per share + reorg fee. It wouldn't make sense. |
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| Grimreaper |
| Posted: Tue Jul 15, 2008 3:22 am Post subject: |
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| Dave Rathbun wrote: | Have you watched stocks being taken over / bought out before? They never trade at the buyout price until the very end. There are two things at play: time value of money, and people who think the merger still has a chance of being voted down by the shareholders.
The merger is not likely to complete until the end of the year. $70 at the end of the year is worth less in today's dollars, so the stock is trading lower. There is a slim chance the shareholders will decline the merger, at which point the $70 price is no good. Either / both of these is in play today.
As the official buy-out day gets closer, the stock will trade up towards the $70 price. But even on the day before the final transaction, it still won't trade at $70, because people won't be paying $70 per share + commission and then turn around and sell for $70 per share + reorg fee. It wouldn't make sense. |
Oh yeah, watched em trade a buncha times. Over da past 5 years whilst thangs were gettin bubblicious you wud expect da price to trade even higher than da buyout bid! |
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| prs1065 |
| Posted: Tue Jul 15, 2008 4:19 am Post subject: |
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Investing Manager
Joined: 01 Sep 2007
Posts: 226
This Month: 8
1599.40 e$
Net worth: 37,585.40
Portfolio Value: 35,986.00
Monthly Return: -27.59%
Trades this month: 12
Churn Rate: 2.88%Items
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