I put a buy order in today for the Mutual Fund American Century Global Gold (BGEIX). It closed yesterday at 19.15 and my buy will go in at today's closing price.
The investment seeks capital appreciation and current income. The fund invests 80% of assets in securities of Gold Companies engaged in mining, processing, exploring for or otherwise dealing with other precious metals. It is nondiversified.
It's top ten holdings are as follows: 1. Goldcorp 2. Barrick Gold 3. Newmont Mining 4. Yamana Gold 5. Kinross Gold 6. Agnico-Eagle Mines 7. Gold Fields 8. Oxiana Resources 9.Lihir Gold 10. Bema Gold Corp.
Thursday, March 29, 2007
BlackRock Dividend Achievers Trust (BDV)
I added shares of BDV yesterday at 14.77 per share. I had a limit buy and it hit the mark yesterday only to rally back and end the day at 14.90. It pays .90 cents per share dividend which equals about 6 percent at todays price.
The top ten holding are as follows: 1. AT&T 2. Bank of America 3. Chevron 4. Citigroup 5. Altria 6. GE 7. Merck 8. Wells Fargo 9. Pfizer 10. Washington Mutual
BlackRock Dividend Achievers Trust operates as a diversified, closed-end management investment company. The trust invests in common stocks of automotive, basic materials, conglomerates, consumer products, energy, financial institutions, health care, industrials, real estate, technology, and telecommunications companies, as well as in money market funds. BlackRock Advisors, Inc. serves as the investment advisor for the trust. BlackRock Dividend Achievers Trust was founded in 2003 and is based in the Wilmington, Delaware.
The top ten holding are as follows: 1. AT&T 2. Bank of America 3. Chevron 4. Citigroup 5. Altria 6. GE 7. Merck 8. Wells Fargo 9. Pfizer 10. Washington Mutual
BlackRock Dividend Achievers Trust operates as a diversified, closed-end management investment company. The trust invests in common stocks of automotive, basic materials, conglomerates, consumer products, energy, financial institutions, health care, industrials, real estate, technology, and telecommunications companies, as well as in money market funds. BlackRock Advisors, Inc. serves as the investment advisor for the trust. BlackRock Dividend Achievers Trust was founded in 2003 and is based in the Wilmington, Delaware.
Tuesday, March 20, 2007
HALLIBUTON
I added to my position today in Halliburton (HAL) at $29.99 per share. I bought Halliburton about 3 months ago at $29.37 and it was slammed today when they announced forecast first-quarter earnings below Wall Street estimates due to decreased drilling and completion activities in Canada and the northern United States.
This seems like a good time to add to positions or start a new position in a company with great long term potential who are making huge buybacks of their stock. Short term bad news can be a great time to buy a stock if nothing long term is affected and you still believe in the companies future. Do you think the demand for oil is still there? Wall street tends to slam a stock really hard on the least bit of bad news and over reacts creating a buying opportunity. We'll see over the long term but I think by the end of the year I'll be happy with my purchase today.
This seems like a good time to add to positions or start a new position in a company with great long term potential who are making huge buybacks of their stock. Short term bad news can be a great time to buy a stock if nothing long term is affected and you still believe in the companies future. Do you think the demand for oil is still there? Wall street tends to slam a stock really hard on the least bit of bad news and over reacts creating a buying opportunity. We'll see over the long term but I think by the end of the year I'll be happy with my purchase today.
Friday, March 16, 2007
SHUFFLE MASTER (SHFL)
I took a small position in Shuffle Master today at $18.50 per share. On the heels of bad news this week I think they will bottom out here and start an uptrend in the next 6 months to 1 year. The 52 week price range is $16.50 to $40.75 per share.
The maker of automatic card-shuffling and casino chip sorters said it uncovered an accounting error related to profit recorded on inventory purchased from subsidiary Casinos Austria Research & Development GmbH & Co.
The error resulted in a $1.2 million overstatement of net income for 2006, and the company said it will restate its fourth-quarter and full-year 2006 results.
Shuffle Master also does not expect to file its first-quarter financial report on time, and warned its earnings and revenue results will miss analyst expectations for the first quarter.
Shuffle Master, Inc., through its subsidiaries, engages in the development, manufacture, sale, and marketing of technology and entertainment-based products for the gaming industry. It operates in two segments, Utility Products and Entertainment Products. The Utility Products segment offers automatic card shufflers for use with card table games, including batch and continuous shufflers, and single deck/double deck shuffler, as well as chip sorting machines for roulette. It also develops other products to automatically gather data and to enable casinos to track table game players, such as Automated Bloodhound and Table iD. In addition, this segment leases shufflers. The Entertainment Products segment develops and markets a range of proprietary table game entertainment content to casinos and other licensed operators. It offers live proprietary poker, blackjack, baccarat, and pai gow poker-based table games and side bets, as well as various electronic content delivery system platforms, including Table Master, Vegas Star, Rapid Table Games, and wireless Casino On Demand. The company sells its products to casinos and other gaming establishments through direct sales force and distributors worldwide. As of October 31, 2006, the company installed approximately 22,000 shufflers, 4,000 table games, and 21,000 electronic wagering seats. Shuffle Master was founded in 1983 and is headquartered in Las Vegas, Nevada.
The maker of automatic card-shuffling and casino chip sorters said it uncovered an accounting error related to profit recorded on inventory purchased from subsidiary Casinos Austria Research & Development GmbH & Co.
The error resulted in a $1.2 million overstatement of net income for 2006, and the company said it will restate its fourth-quarter and full-year 2006 results.
Shuffle Master also does not expect to file its first-quarter financial report on time, and warned its earnings and revenue results will miss analyst expectations for the first quarter.
Shuffle Master, Inc., through its subsidiaries, engages in the development, manufacture, sale, and marketing of technology and entertainment-based products for the gaming industry. It operates in two segments, Utility Products and Entertainment Products. The Utility Products segment offers automatic card shufflers for use with card table games, including batch and continuous shufflers, and single deck/double deck shuffler, as well as chip sorting machines for roulette. It also develops other products to automatically gather data and to enable casinos to track table game players, such as Automated Bloodhound and Table iD. In addition, this segment leases shufflers. The Entertainment Products segment develops and markets a range of proprietary table game entertainment content to casinos and other licensed operators. It offers live proprietary poker, blackjack, baccarat, and pai gow poker-based table games and side bets, as well as various electronic content delivery system platforms, including Table Master, Vegas Star, Rapid Table Games, and wireless Casino On Demand. The company sells its products to casinos and other gaming establishments through direct sales force and distributors worldwide. As of October 31, 2006, the company installed approximately 22,000 shufflers, 4,000 table games, and 21,000 electronic wagering seats. Shuffle Master was founded in 1983 and is headquartered in Las Vegas, Nevada.
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