Sold John Deere (DE), it is a cyclical business and the trade war the U.S. has with China isn't making things any better. Berkshire Hathaway also sold their holdings of this company a few years ago. Bought Bank of New York Mellon (BK), we think their numbers looks better than Goldman and Sachs (GS), Berkshire Hathaway continues to accumulate this stock, the P/E Ratio is at 12, and has a Dividend Yield of 2%. Bought Synchrony Financial (SYF), Berkshire Hathaway own this, P/E Ratio is at 7, and has a Dividend of 3%. Bought International Business Machines (IBM), the Technical Analysis shows that it has bottomed, they announced to acquire Red Hat (RHAT) a provider of Linux OS, the P/E Ratio is at 12, and has a Dividend of almost 5%. Bought Biogen (BIIB), I've always wanted to buy this company, one of their Alzheimer's drug research failed and their stock tanked to a P/E Ratio of below 10. In our opinion, this company is way undervalued given the fact that they have cash to make acquisitions and other drugs on their pipeline. Summary: Sold: John Deere (DE) Bought: Bank of New York Mellon (BK) Synchrony Financial (SYF) International Business Machines (IBM) Biogen (BIIB) |
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