As my faithful readers will recall, I sold my divvy portfolio stock TROX on October 23rd when I saw the poor DD earnings (driven by titanium dioxide issues). TROX has taken a 17% haircut since I sold them and is off twenty one percent since October 1st.
I have decided to essentially buy back my shares. I actually bought back three percent more shares, so in essence laid out 14% fewer dollars. They may still fall further, but I am now locked in at. 5.5% yield. I feel pretty good about that.
I still have a major MFI purchase coming up at the end of this week.
Happy Veteran's Day everyone, and thanks to all that serve or have served our great country.
Monday, November 12, 2012
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