Archive for June, 2010
Northrop Grumman Subsidiary, AMSEC LLC, Receives the Cogswell …
June 22nd, 2010 | 
Author: 
VIRGINIA BEACH, Va., 06/22/10(CRWENEWSWIRE) — Northrop Grumman Corporation (NYSE:NOC – News) announced today that its subsidiary, AMSEC LLC, has received the 2010 James S. Cogswell Outstanding Industrial Security Achievement Award. the award was made by the U.S. Defense Security Service (DSS) for the AMSEC facility in Virginia Beach, Va. the award recognizes industrial security excellence and is the highest honor a company can receive for excellence in the handling of classified information.
“The Cogswell Award is the ultimate security distinction for defense contractors and we are very proud to be recognized by the Defense Security Service,” said Harris Leonard, vice president of Northrop Grumman Shipbuilding and president of AMSEC Operations. “This achievement affirms AMSEC’s commitment to the principles of industrial security excellence in support of our customers and providing leadership to other cleared facilities to set a higher standard for security.”
AMSEC’s Virginia Beach site was one of nine facilities selected from over 13,000 defense contractor sites to receive the Cogswell Award. AMSEC received the honor last week at the annual training seminar of the National Classification Management Society in Reno, Nev.
AMSEC LLC, a wholly-owned subsidiary of Northrop Grumman’s Shipbuilding sector, is a full-service provider of engineering, logistics and technical support services to the U.S. Navy and maritime industry.
Northrop Grumman Corporation is a leading global security company whose 120,000 employees provide innovative systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
Leslie Mitchell-Gallop
Northrop Grumman Shipbuilding
(757) 463-6666
leslie.mitchell2@ngc.com
CRWENewswire tracks and announces stocks daily and is pleased to offer its Stock Alerts. Investors can receive
FREE Stock Alerts by visiting http://www.crwenewswire.com/signup
About CRWENewswire.com CRWENewswire.com is an independent electronic informative online financial news publication company dedicated in providing company associates, business and financial professionals with economic and investment information, as well as stock highlights. CRWENewswire.com is a division of Crown Equity Holdings, inc. CRWENewswire.com is not a registered investment advisor or broker-dealer. CRWENewswire.com and Crown Equity Holdings, inc., (CRWE) affiliates, officers, directors, contractors and employees, including may buy and sell additional shares in any company mentioned herein and may profit in the event those shares rise in value. Please do your own Due Diligence before investing in any of the stocks mentioned above.
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Release of Liability: Through use of this website viewing or using, you agree to hold CRWENewswire.com, and/or Crown Equity Holdings, inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur.
Disclaimer: Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. (read more) Rule 17B requires disclosure of payment for investor relations.
Tags: AMSEC LLC, Cogswell Award, Defense Security Service, Leslie Mitchell-Gallop, NOC, Northrop Grumman Corporation, Northrop Grumman Shipbuilding, NYSE:NOC
Northrop Grumman Subsidiary, AMSEC LLC, Receives the Cogswell …
Helen Thomas: A courageous lady, who dared to speak
the propagandists for the Israel Lobby, who occupy the Wall Street Journal editorial page while pretending to be journalists, are determined to remove Helen Thomas from the annals of journalism. in case you have already forgotten, a few days ago the distinguished career of Helen Thomas, the 89-year-old doyen of the White House Press Corps, was ended by the Israel Lobby, which made an issue about her opinion that immigrant Jews should leave Palestine and go back to their home countries.
The White House Correspondents’ Association fell in line with the demands of the Israel Lobby, and the cowardly president of the organization added the association’s disapprobation to that of the neoconservative cabal.
Having removed Helen Thomas from the journalism scene, the Israel Lobby is now working with its agents on the Wall Street Journal editorial page to eliminate the Helen Thomas Award for Lifetime Achievement from the Society of Professional Journalists.
A nonentity in the world of journalism, James Taranto, apparently is associated with the Wall Street Journal editorial page, although Wikipedia reports that he was incapable of graduating from journalism school at California State University, Northridge. On a Wall Street Journal web site, Taranto writes: “We’ve been calling Thomas ‘American journalism’s crazy old aunt in the attic’ for years,” and he asks who would now accept the Helen Thomas award after Ms. Thomas revealed she really was crazy by criticizing Israel.
I would for one. Of course the Society of Professional Journalists would never give the award, assuming the distinguished award survives the assault of the Israel Lobby’s assassins, to a critic of Israel. Helen excepted, American journalists are cowards. With the concentrated ownership of the corporate media today, no independently-minded journalist can have a career in print or TV media. you defend the Washington/Tel Aviv line, or you are out of work.
The absence of independently-minded journalists on the Wall Street Journal editorial page is an extraordinary change from my days as Associate Editor of that page. the editorial page editor, Robert Bartley was ambitious and forced himself to tolerate talented colleagues. Mere opinion was not our task. often we scooped the reporters on the news side of the paper. Our editorials reported new developments and provided factual analysis.
I was hired as Jude Wanniski’s replacement. Jude, Associate Editor of the Wall Street Journal, was fired, allegedly because the journal’s brass caught him handing out election campaign literature on a train platform, but if you believe American journalism was ever that pure, I have a bridge in Brooklyn for sale.
Jude was fired, because the neoconservatives got rid of him by telling Bartley that Wanniski was over-shadowing him. That was too much for Bob’s ego. Jude, of course, being a real journalist, was objective toward the Palestinians and thus had earned the enmity of the Israel Lobby.
Once Bob was rapidly declining with prostate cancer, neoconservatives engineered the takeover of the editorial page. Today the once proud Wall Street Journal editorial page is a leading apologist for Israeli/American war crimes and police states.
To return to the nonentity, James Taranto, who wants to throw Helen Thomas down the memory hole: Helen Thomas’ opinion that Israelis should stop stealing the villages, homes, and lands of Palestinians, while confining Palestinians to the equivalent of the Warsaw Ghetto, is equated by Taranto to the advocacy of “ethnic cleansing” by Helen.
Of course, it is the Israelis who are doing the ethnic cleansing. Many Jews have documented Israel’s ethnic cleansing of Palestinians, such as Uri Avnery, a former member of the Israeli terrorist organization, Irgun, Ilan Pappe, Israel’s most distinguished historian and author of the Ethnic Cleansing of Palestine, and the Israeli peace group, ICHAD, who have been my house guests. the Israeli newspaper, Haaratz, is far more critical of Israeli policy than Helen Thomas, and so is MIT professor Noam Chomsky, the distinguished British journalist and film maker John Pilger, and the distinguished scholar, Norman Finkelstein, the son of Holocaust survivors.
But Taranto prefers an 89-year old adversary.
Israel is an unnatural state. it was created by terror that was accommodated by craven British and U.S. “diplomacy.” Israel exists for one reason only: the U.S. government provides the money, weapons, and diplomatic protection. any other government that murdered thousands of civilians in other countries, as Israel does routinely in Lebanon, Gaza, and the West Bank, would have its entire government and military on trial before the War Crimes Tribunal at the Hague. Israelis have no worst enemy than their own government.
Every time the rest of the world tries to hold the Israeli government accountable for its crimes, the U.S. vetoes the UN resolution. America has become the enabler of the Zionist-hijacked Israeli government. And the Israeli government knows it. Israeli government leaders have publicly bragged for decades about their control over the U.S. government. U.S. Admiral Tom Moorer, Chief of Naval Operations and Chairman of the Joint Chiefs of Staff after whom the F-14 “Tomcat” jet fighter was named, declared publicly: “No American President can stand up to Israel.” Apparently no American journalist can either.
I am a critic of Israel’s heartless policy toward the Palestinians, but I do not want Israel destroyed. I want it moved or reformed. Bring the small number of Israelis to America before there is a nuclear war over the fact that they are where they should not be. to try to claim a land and dispossess its people on the basis of a spurious two thousand year old deed is an audacious act of conquest and dispossession.
My proposal to relocate Israelis in the U.S. is rhetorical, but why not insist that the Israelis, who are heavily dependent on U.S. largess, reform? why should Americans support an apartheid racist state that denies citizenship to the rightful inhabitants? what kind of morality, if any, does the Wall Street Journal editorial page represent when it defends Israelis who force Palestinians into ever-shrinking ghettos, deprived of water, food, medical care and schools? why must Palestinians live in dread of Israeli bulldozers arriving to flatten their homes in order to create space for Zionist “settlers”?
Allegedly, the U.S. is a superpower, but in fact it is a puppet state of the Israeli government. Witness, for example (the examples are numerous), the fate of the Goldstone Report on Israeli war crimes committed in Israel’s assault on Gaza during December 2008-January 2009. Goldstone is a Zionist Jew and a distinguished judge. He was given the task by the United Nations to investigate the Israeli attack on Gaza. being an honest person, he provided evidence of Israeli war crimes.
What was the result? the bought-and-paid-for U.S. Congress voted, on the instructions of their master, the Israel Lobby, to deep-six the Goldstone Report by a vote of 344 to 36.
Amazing, isn’t it, there were only 36 U.S. Representatives who were not owned by the Israel Lobby.
Of course, James Taranto serves the Israel Lobby. the Wall Street Journal editorial page, not even a shadow of its former self, when it speaks, speaks for Israel and for the Bush/Cheney militarist police state.
The Wall Street Journal editorial page has fallen into the low ranks of Brownshirt propaganda. the fact that management tolerates the continuation of totally nonobjective journalism shows why print newspapers are failing everywhere.
The hubris of Taranto, a mere propagandist who will never come close to the league in which Helen Thomas resides, causes him to think that he is fit to pass judgment on a real journalist. Taranto epitomizes the hubris of the neoconservatives. not a single one of them has the smallest accomplishment. Yet, blinded with arrogance, they remain in ignorant bliss of their status as prostitutes.
Dr. Paul Craig Roberts, former Assistant Secretary U.S. Treasury, Associate Editor Wall Street Journal, Professor of Political Economy Center for Strategic and International Studies Georgetown University Washington DC.
Photo:Helen Thomas, White House press corps dean (Bob Daemmrich Photography inc. / Corbis)
Photo 2: Helen Thomas interviewing U.S. President-elect John F. Kennedy at Georgetown University Hospital in 1960. (Bettman/Corbis)
Bad News For Equity Bulls
All intelligent investors take note: we are currently in the midst of a long-term secular bear market in equities that will most likely last until sometime between 2010 and 2020. How do I know this for a fact? I don’t. however, in the past few weeks, I’ve come across three separate analyses that would lead one to this conclusion. They are as follows:
The Bannister Study
The first source was found via Jim Rogers Hot Commodities. In Rogers’ book, he cites a study completed by Barry Bannister, an analyst for Legg Mason Wood Walker, inc., that showed a negative correlation between equities and commodities. Secular equity bull markets were found to be followed by secular equity bear markets and commodity bull markets. Bannister’s findings can be most readily understood by examining the graph below from Rogers’ book (Click the image to enlarge):
Bannister’s study showed that these alternating bull/bear cycles lasted 17 to 18 years. Note that the equity bull market peaked around 2000, which means that we are in a long-term equity bear market (And a long-term commodity bull market).
The Real Dow
The second confirmatory source was found over on iTulip.com. It’s a graph of the DJIA divided by the CPI-U, which is the broadest measure of consumer prices that the government provides. Again, a picture is worth a thousand words:
Looking at the Real Dow graph, take note that there are only two ways for the DJIA to revert to the mean: either decrease the numerator via deflation of the DJIA or increase the denominator via inflation of the CPI-U. either way, if history is any guide, we’re in for a hell of a ride because one of the two alternatives must occur.
The Siegel Study
Found via an article titled, No room to zoom? Commentary: Stocks may face a dreary decade ahead, on MarketWatch (Hat tip to Aaron Krowne’s FURL), Jeremy Siegel of the Wharton School found that the real rate of return on the stock market for the past 200 years was a mere 7%. once again, here is a graph from the article (No need to enlarge):
In the MarketWatch article, Peter Brimelow and Edwin S. Rubenstein note the following (emphasis mine):
When we first looked at Siegel’s numbers in the late 1990s, stocks were over 80% above the long-run total return trendline, about as high as they ever get. Stocks reached similar levels in 1928 and 1968 — both years when the stock market was notoriously topping out.
Stocks did fall after 2000 (remember?) but they never got lower than a few points below trend. then the post-election Bush bounce in 2004-2005 took stocks to some 7% above trend. After that, stocks stalled. That means that this time last year, because of that relentlessly cumulating trendline, stocks were down to less than 1% above it. see Aug. 26, 2005 column.
Now it’s even tighter: Stocks are just 0.1% below trend, to be exact. And even that’s still well above the levels usually seen at major bear market lows. In both 1931 and 1973, stocks got some 40% below trend. In other words, an epochal but not unprecedented bull market high has not yet, unlike in every other case on record, been succeeded by a corresponding bear market low.
This may sound worrying. but of course the major market indexes we’re used to watching don’t literally have to fall 40%. Because the underlying total return trend rises at some 7% a year, the indexes can just move sideways. How long? well, adjusting just for dividends, if the Dow Jones Industrial Average moved sideways until 2019, that would be the equivalent of Siegel’s broad, total-return measure of stocks getting 40% below trend.
That’s a 19-year stagnation in total, quite comparable to the Dow 16-year stagnation after 1966.
I don’t think any further comments on this article are necessary as by now, I’m pretty sure you’re seeing the big picture.
Conclusion?
What does all of this mean? well, it could mean nothing. Simply because three different analyses happen to arrive at the same conclusion could merely be coincidence. It’s also possible that the analyses are simply incorrect. That said, for my purposes, it’s enough to make me think thrice before pumping my savings into equities.
Beware! The bear is at large.
If you liked this, Digg it!
Posted in Stock News | 
Tags: bannister, bull markets, cpi, jim rogers, legg mason wood walker, mason wood | 
No Comments »
where do I find a 3d log stock price chart of share price by EPS by volume?
i see these type of charts in peter lynch’s book one up on wall street’
where do I find a 3d log stock price chart of share price by EPS by volume?
Posted in Stock News |
Tags: eps, one up on wall street, peter lynch, stock price chart |
No Comments »
Gates, Buffet Challenge World's Wealthiest to Give Half Their Net Worth to Charity
Bill Gates and Warren Buffet are challenging the world’s richest people to pledge 50% of their net worth to charity, according to a lengthy Fortune article.
They are starting with members of the Forbes 400, with a combined estimated $1.2 trillion. Half of that is $600 billion, a figure that would have a huge impact on philanthropic institutions.
A year ago in May 2009, Gates and Buffett hosted a dinner that featured the world’s elite. only now have details spilled about what happened at the dinner.
David Rockefeller hosted the dinner, and in attendance were Oprah Winfrey, George Soros, Michael Bloomberg, and Ted Turner, among others.
Letters of invitation were sent out with signatures from Gates, Buffett, and Rockefeller. It’s hard to turn down an invitation when those names are at the bottom.
The guest list was leaked by Chuck Feeney, which prompted a cone of silence over the 2nd and 3rd dinners, whose guests have not been outed.
Similar
- Time To Buy Gold? Peter Schiff Thinks Gold Could Hit $5,000 (GLD, GDX, ABX, GOLD, PHYS)
- How Smart is your Trend? – Interview with Chip Brian
- Peter Schiff says Gold May Hit $5,000 an Ounce
- Passport Capital Likes Natural Resource Stocks (AAPL, MCK, CF, TEVA)
- Kenneth Star to James Altucher: I Don’t need your Fund, I get 20% Returns with my Ponzi Scheme
Gates, Buffet Challenge World's Wealthiest to Give Half Their Net Worth to Charity
Financial disclosures: Wall Street's bull market in '09 lifted lawmakers' net …
Congressional leaders in both parties reported dramatic increases intheir net worth last year on the back of a rising stock market.
House Speaker Nancy Pelosi (D-Calif.) reported the biggest gain for 2009. The Speaker’s worth jumped by $9 million to roughly $21.7 million last year, according to financial disclosure statements released by the House clerk and the Senate secretary on Wednesday.
House Minority Whip Eric Cantor (R-Va.) saw his wealth rise by about $1.4 million, to $2.4 million, in 2009 compared to his report for 2008.
The recovery by the stock market from the financial crisis appears to be the main reason for the increased net worth. The Dow Jones Industrial climbed nearly 4,000 points in 2009 after diving to 6,626 points on March 6, 2009, one of the greatest bull markets in history. for the calendar year, it gained more than 1,600 points in 2009.
The market has lost a bit of value since the beginning of 2010.
In 2008, many lawmakers saw their net worth plummet as stocks were ravaged by the financial crisis.
Some lawmakers also increased their net worth in 2009 by reducing liabilities.
For example, Pelosi reported a lower liability for a mortgage she holds on a California vineyard, listed as at least $1 million instead of at least $5 million the year before. Senate Majority Leader Harry Reid (D-Nev.) paid off a loan to Harry Reid Ltd. worth at least $50,000.
Reid saw his net worth rise by $185,000, to $3 million, while Senate Minority Leader Mitch McConnell (R-Ky.) saw his net worth increase by almost $1 million to total $7.1 million.
The disclosure form for Reid also reveals the majority leader shared a jet flight to California with Sen. Dianne Feinstein (D-Calif.), one of the wealthiest members of Congress, after the Senate’s Christmas Eve healthcare vote. Feinstein footed the $3,625 bill for the flight. Sen. Barbara Boxer (D-Calif.) was also aboard, according to her financial disclosure report. her flight also cost Feinstein $3,625.
House Minority Leader John Boehner’s (R-Ohio) assets rose approximately $100,000, to $1.8 million. House Majority Leader Steny Hoyer (D-Md.) doubled his net worth to about $298,000 in 2009.
Financial disclosure statements for lawmakers do not provide exact dollar figures for the value of their assets and liabilities. instead, they give ranges of dollar values. The Hill calculates lawmakers’ minimum net worth by adding up the lower estimates for those assets and then subtracting the lower estimates for lawmaker liabilities.
Wednesday was the deadline for both the House and Senate to release financial disclosure reports to the public, but dozens of lawmakers asked for extensions. Eighty-four House members asked for an extended deadline to file their financial disclosure report, while 14 senators still had not filed their statements.
The reports shed light on how lawmakers in both the House and Senate earn money outside of their day jobs on Capitol Hill. Several are landlords and collected rental income in 2009, according to the statements.
Rep. Ken Calvert (R-Calif.) listed rental income of at least $160,000 on six properties. He had mortgages on all six, totaling at least $1.3 million in value.
Sen. Scott Brown (R-Mass.) rents out three condos in the Boston area. in 2009, the properties were worth at least $300,000 and the rent he earned from the condos was at least $25,000.
Brown’s first financial disclosure report also offered a closer look into Brown’s life before he entered the Senate and became a national political star.
Brown held down three jobs last year that each earned him a separate salary, according to his financial disclosure statement. his private law office earned him a salary of $57,817. his state senator salary was $83,316. and his pay for service in the Massachusetts Army National Guard was $16,121.
Another new senator, Republican George LeMieux from Florida, showed substantial earnings from his previous career. in 2009, LeMieux pulled in a $755,218 salary as partner and chairman of the board for West Palm Beach, Fla., law firm Gunster Yoakley & Stewart while also earning $30,000 for business consulting at MTC Strategies, where he is the sole owner.
Other lawmakers saw income from book deals, earning advance payments and royalties for their work.
Sen. Robert Menendez (D-N.J.) signed a book deal with new American Library in January 2009, according to his financial disclosure report. Menendez is splitting his $50,000 advance payment with his co-author, former Washington Post deputy foreign editor Peter Eisner, and will be paid royalties through a percentage of the book’s sales receipts.
Sen. Jim DeMint (R-S.C.) received the second half of a $42,500 advance relating to a book contract with Nashville-based B&H Publishers, according to his financial disclosure report. The publisher also reimbursed DeMint for six flights between February and September 2009.
Others in Congress were contending with lawyers’ fees in 2009.
Republican Don Young, Alaska’s lone representative, received $12,500 in gifts from three companies — Trident Seafood Corps., Bering Straits Native Corp. and Chugach Alaska Corp. — to pay for legal expenses he is incurring because of a federal investigation, according to his disclosure report.
Financial disclosures: Wall Street's bull market in '09 lifted lawmakers' net …
Posted in Stock News |
Tags: 1 million, bull markets, dramatic increases, eric cantor, plummet, senate secretary |
No Comments »
World's Greatest Investors Part 12 – Peter Lynch
Peter Lynch is considered as one of the greatest stock pickers in the world. he was the fund manger of the highly successful Fidelity Magellan fund for 13 years. during his tenure, it was the top ranked general equity mutual fund in the US. His Magellan fund averaged 29. 2% return over these years and elevated him to a globally acclaimed fund manger. Lynch is also a famous as the author of three investing books including international bestsellers “One up on Wall Street” and “Beating the Street”. Lynch popularized the investment strategy “invest in what you know. ” because of his simple and common sense based approach to investing, Lynch is the most followed guru by small investors.
Lynch can be described as a value investor like Warren Buffett. but he ran a more diversified portfolio than Buffett. he used his local knowledge successfully in investing. he even used investment ideas occurred to him while he was shopping in the supermarkets with his family. due this approach, he realized consumer market trends early and profited from them. Lynch always looked for undervalued companies in unglamorous industries. For example, he invested and profited in unpopular companies like barber shop chains and funeral management companies.
Peter Lynch was born in Newton, Massachusetts in the US in 1944. Lynch graduated from Boston College and received his MBA from University of Pennsylvania. he started his career in renowned investment management firm Fidelity Investments as an intern in 1966. but he quit the position and served in the US Army for two years. after his stint in the army, he rejoined Fidelity in a permanent position in 1969. His first job included tracking industries like metals, mining and chemicals. in 1974, he was appointed as the director of research at Fidelity. in 1977, he was assigned a new job as the manger of a small fund called Magellan Fund with $18 million in assets. Within some years, Lynch’s investing abilities transformed the fund into the most successful mutual fund in the US. By the time he retired from active investment management in 1990, the fund had grown into $14 billion in assets. 1000 dollars invested in the Magellan fund in 1977 was worth 28,000 dollars at the time of his retirement.
After his retirement from Fidelity, Lynch focused more on educating small individual investors on “how to beat the Wall Street experts”. His first book describing his investment philosophy was published in 1989, just before his retirement. His second book “Beating the Street” came out in 1994. both books achieved global success as an essential reading for every investor. Though his books, Lynch said that individual investors are in an advantageous position than Wall Street professionals because they are free to make investment decisions without restrictions. he advised them to look around them and search for companies about which they already know and invest in them. Lynch suggested that individual investors can find good investment ideas even when they shop or taking a haircut by perceiving the upcoming trends. Lynch always insisted that investors should not consider stocks like lottery tickets. instead, he said, they must understand that there is a company behind every stock and a reason for it to go up or down in the market. he advised every one to do their home work before investing.
http://shareskool. com/articles/ViewArticle. inf?article=Worlds+Greatest+Investors+Part+12+-+Peter+Lynch+&article_Id=24
Shareskool. com is an India focused investor education website. It aims to empower investors in India to make independent investment decisions through education and information.
Posted in Stock News |
Tags: funeral management, investment strategy, stock pickers, value investor |
No Comments »
George Soros: Financial crisis moving into second stage
Stockhouse Conflict and Disclosure Policy:
Stockgroup Media inc., owners and operators of Stockhouse.com, has established the following rules to ensure that there is no appearance of impropriety on the part of any Stockhouse Editorial writers (“Writers”). The content of Stockhouse Editorial articles (the “Articles”) are the opinion of the Writer and any reliance on the content of these articles is at your sole risk. our Writers are not registered investment advisors. You should not make any kind of investment decision in relation to Articles or stocks discussed in them without obtaining advice from a registered investment advisor.
Facts relied upon by our Writers are generally provided by the subject companies or gathered by our Writers from other public and/or private sources. these facts may be in error and if so, the opinions of our Writers may be materially different.
Writers may own, buy, or sell shares in public companies mentioned in their Articles, but in the Article they must prominently state their ownership position. Thus, a conflict may exist. Writers are not permitted to write Articles that attempt to benefit persons connected to the Writer, such as family or friends, except where disclosure is made in the same way as if the Writer him/herself owns stock.
Writers cannot solicit, accept, or agree to receive anything of value given or paid with the intent of influencing their Articles.
Stockhouse notifies each Writer about these rules, and we rely on the integrity of our Writers to ensure that our rules are followed.
Posted in Stock News |
Tags: ownership position, private sources, stocks, subject companies |
No Comments »
'Future of Israel in jeopardy', says Jordan king
Copyright 2010 Yahoo! all rights reserved.
Notice: We collect personal information on this site. To learn more about how we use your information, see our: Updated Privacy Policy
Warren Buffet Does Heavy Selling; 13-F Filings Reveal | Charting …
Billionaire investor Warren Buffet did some heavy selling during the first quarter of 2010. according to the most recent 13-f filing, Mr. Buffett liquidated his entire position health insurers United Health (UNH) and WellPoint (WPT). he dumped his holdings in financial companies Travelers (TRV) and Sun Trust Banks (STI).
Buffet also trimmed his holdings in 8 stocks while increasing positions in 3.
Positions were reduced in Conoco Phillips (COP), Carmax (CMX), Costco (COST), Johnson & Johnson (JNJ), Gannett (GCI), M&T Bank (MTB), Moodys (MCO) as well as Procter & Gamble (PG).
Buffett reported an increase in holdings in Becton Dickinson (BDX), Iron Mountain (IRM), and Republic Services (RSG).
The total value of Berkshire’s portfolio dropped $7 billion to $50.9 billion from $57.9 billion in the previous quarter.
Warren Buffet Does Heavy Selling; 13-F Filings Reveal | Charting …
Posted in Stock News |
Tags: carmax, conoco phillips, health insurers, irm, procter amp gamble, united health |
No Comments »