You can't ask for a more solid company than GE. I added more shares today at $34.65. It trades at a P/E of 17.28 and pays a $1.12 dividend to yield 3.2 percent.
General Electric Company (GE) is a diversified industrial corporation. Its Infrastructure segment produces jet engines, turboprop and turbo shaft engines, and related replacement parts for use in military and commercial aircraft; wind turbines; aircraft engine derivatives; gas and steam turbines, and generators; oil and natural gas compressors and turbines; diesel-electric locomotives and parts; and productivity solutions for industrial and municipal water systems. It offers various financial products and services aviation and energy sectors. The company�s Commercial Finance segment provides loans, leases, and other financial services to manufacturers, distributors, and end-users for various equipment and capital assets. Its GE Money segment provides financial services to consumers and retailers, such as credit cards, loans, mortgages, deposit and savings products, and other products. GE�s Healthcare segment manufactures equipment for magnetic resonance, computed tomography, positron emission tomography imaging, X-ray, patient monitoring, diagnostic cardiology, nuclear imaging, ultrasound, bone densitometry, anesthesiology and oxygen therapy, and neonatal and critical care and therapy. Its NBC Universal segment provides network television services; produces television programs and motion pictures; operates television broadcasting stations; owns various cable/satellite networks; and operates theme parks. The company�s Industrial segment offers home appliances; lamp products; electrical distribution and control products; motors and control systems used in end-industrial and consumer products; commercial lighting systems; plastics and structured products; protection and productivity solutions; handheld and portable field calibrators; equipment for detection of material defects; stand-alone measurement instrumentation; and systems for validating or certifying commercial and industrial processes. GE was founded in 1892 and is headquartered in Fairfield, Connecticut.
Tuesday, April 24, 2007
Wednesday, April 18, 2007
LUNDIN MINING CORP. (LMC)
I took a new position today in Lundin Mining Corp. (LMC). They are buying up mines at a rapid pace and appear to be under the radar of most analyst's. Purchase price was $13.40.
Lundin Mining Corporation, through its subsidiaries, engages in the exploration, extraction, and processing of base metal, silver and gold mining, and mineral exploration properties in Sweden, Ireland, Portugal, Spain, Eritrea, Iran, and Canada. The company produces zinc, lead, and silver at the Zinkgruvan Mine located in the southwest of Stockholm, Sweden. It also owns the Galmoy Mine in Country Kilkenny, Ireland; the Neves-Corvo copper mine in Portugal; the Aljustrel mining license and operating permits and the assets of the Aljustrel mine; and Storliden zinc/copper mine and the Norrliden copper/zinc/silver deposit located in Sweden. In addition, the company has interests in the exploration permits located in Norrbotten County in northern Sweden covering an area of approximately 97,000 hectares; 20% back-in right with respect to certain claims in NP Project in northern Finland; 38% interest in the Mehdiabad zinc-lead deposit in Iran; and 100% of the Akie zinc-lead property in northeastern British Columbia. Further, the company has an option to acquire 100% interests in Rakkurijarvi discovery and other prospects in the Norrbotten district of Sweden. Lundin Mining has strategic partnerships with Sunridge Gold Corporation, Sanu Resources, Ltd., and Mantle Resources, Ltd. The company was incorporated in 1994 under the name South Atlantic Diamonds Corp. and changed its name to South Atlantic Resources, Ltd. in 1996. Further, it changed its name to South Atlantic Ventures, Ltd. in 2002 and to Lundin Mining Corporation in 2004. The company is headquartered in Stockholm, Sweden.
Lundin Mining Corporation, through its subsidiaries, engages in the exploration, extraction, and processing of base metal, silver and gold mining, and mineral exploration properties in Sweden, Ireland, Portugal, Spain, Eritrea, Iran, and Canada. The company produces zinc, lead, and silver at the Zinkgruvan Mine located in the southwest of Stockholm, Sweden. It also owns the Galmoy Mine in Country Kilkenny, Ireland; the Neves-Corvo copper mine in Portugal; the Aljustrel mining license and operating permits and the assets of the Aljustrel mine; and Storliden zinc/copper mine and the Norrliden copper/zinc/silver deposit located in Sweden. In addition, the company has interests in the exploration permits located in Norrbotten County in northern Sweden covering an area of approximately 97,000 hectares; 20% back-in right with respect to certain claims in NP Project in northern Finland; 38% interest in the Mehdiabad zinc-lead deposit in Iran; and 100% of the Akie zinc-lead property in northeastern British Columbia. Further, the company has an option to acquire 100% interests in Rakkurijarvi discovery and other prospects in the Norrbotten district of Sweden. Lundin Mining has strategic partnerships with Sunridge Gold Corporation, Sanu Resources, Ltd., and Mantle Resources, Ltd. The company was incorporated in 1994 under the name South Atlantic Diamonds Corp. and changed its name to South Atlantic Resources, Ltd. in 1996. Further, it changed its name to South Atlantic Ventures, Ltd. in 2002 and to Lundin Mining Corporation in 2004. The company is headquartered in Stockholm, Sweden.
Tuesday, April 10, 2007
PEABODY ENERGY (BTU) WASHINGTON MUTUAL (WM)
I took profits in Peabody Energy (BTU) today and sold at $44.98 for a 10 percent profit in 6 months.
I used that money to buy Washington Mutual (WM) at $39.01. WM pays a 5.4 percent dividend and is down near it's 52 week low because of the sub-prime loans. The exposure to sub-prime loans is a very small percentage of Washington Mutuals business and I feel it's gotten beat up a little too much and will reinvest my dividends while I wait for it to go up.
Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking, Card Services, Commercial, and Home Loans. The Retail Banking segment offers deposit and other retail banking products and services, which include checking and interest-bearing checking accounts, personal checking, savings, money market deposit, and time deposit accounts to consumers and small businesses; loan products comprising home loans, home equity loans, lines of credit, and mortgage loans; and investment advisory and brokerage services. The Card Services segment�s operations consist of issuing credit cards, holding outstanding balances on credit cards in portfolio or securitizing and selling them, servicing credit card accounts, and providing other cardholder services. The Commercial segment provides finance to developers and investors for multi-family dwellings and other commercial properties, services multi-family and other commercial real estate loans, and provides limited deposit services to commercial customers. The Home Loans segment originates and services home loans, manages capital market operations, fulfillment and servicing of portfolio of home equity loans and lines of credit, originates and purchases mortgage loans to higher risk borrowers, provides financing and other banking services to mortgage bankers for the origination of mortgage loans, and offers insurance-related products and reinsurance services. This segment offers various real estate secured residential loan products and services primarily consisting of fixed-rate home loans, adjustable-rate home loans, hybrid home loans, option ARM loans, and mortgage loans to higher risk borrowers. As of December 31, 2006, the company operated 2,225 retail banking stores and 472 lending stores and centers in 36 states. Washington Mutual was founded in 1889 and is headquartered in Seattle, Washington.
I used that money to buy Washington Mutual (WM) at $39.01. WM pays a 5.4 percent dividend and is down near it's 52 week low because of the sub-prime loans. The exposure to sub-prime loans is a very small percentage of Washington Mutuals business and I feel it's gotten beat up a little too much and will reinvest my dividends while I wait for it to go up.
Washington Mutual, Inc., together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking, Card Services, Commercial, and Home Loans. The Retail Banking segment offers deposit and other retail banking products and services, which include checking and interest-bearing checking accounts, personal checking, savings, money market deposit, and time deposit accounts to consumers and small businesses; loan products comprising home loans, home equity loans, lines of credit, and mortgage loans; and investment advisory and brokerage services. The Card Services segment�s operations consist of issuing credit cards, holding outstanding balances on credit cards in portfolio or securitizing and selling them, servicing credit card accounts, and providing other cardholder services. The Commercial segment provides finance to developers and investors for multi-family dwellings and other commercial properties, services multi-family and other commercial real estate loans, and provides limited deposit services to commercial customers. The Home Loans segment originates and services home loans, manages capital market operations, fulfillment and servicing of portfolio of home equity loans and lines of credit, originates and purchases mortgage loans to higher risk borrowers, provides financing and other banking services to mortgage bankers for the origination of mortgage loans, and offers insurance-related products and reinsurance services. This segment offers various real estate secured residential loan products and services primarily consisting of fixed-rate home loans, adjustable-rate home loans, hybrid home loans, option ARM loans, and mortgage loans to higher risk borrowers. As of December 31, 2006, the company operated 2,225 retail banking stores and 472 lending stores and centers in 36 states. Washington Mutual was founded in 1889 and is headquartered in Seattle, Washington.
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