Buying Dow for a Better Deal than Warren Got - Todd Sullivan

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Buying Dow for a Better Deal than Warren Got
Jul 12, 2008 06:27 PM UTC

Todd Sullivan

Return	Risk
-12.85%	MID

Tracked Blogger

Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
DOW		07/12/08	+9.22%	08/13/08
BRK.A	n/a

Via Long Investment Ideas from Seeking Alpha:

So, after the news of the past couple days, I have added to the position in Dow Chemical (DOW). At prices averaging $32, even we tripled the position in Dow yesterday and today.

Current yield, 5.25% and rock solid safe. Think about it: Berkshire Hathaway's (BRK.A) Warren Buffett only got 8.5% on his $3 billion convertible and it is underwater if shares are under $41 and change (28% higher than today) in 5 years ($41 is the conversion price).

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