It has been an interesting week for our little Folio. Not one, but two companies are being bought by larger competitors. Rohm and Haas will be purchased by Dow Chemical for $18.8 billion. Dow has the backing of the Oracle of Omaha to the tune of $3 billion for the buyout. The selling price will be a nice 74% premium if everything goes through. The other major announcement over the weekend was the much anticipated purchase of Anheuser-Busch by InBev. The two companies finally settled for $51 billion all-cash deal. Reportedly the largest all-cash deal ever. Just a little note to the fellas over at Yahoo! Inc. You blew it.
Thoroughbred Folio is down almost 17% since inception back in December. I should feel depressed by the market, oil, energy, Irag, etc. However, I feel great. The worse things get the more I feel like we are finally getting near a bottom. I did end up buying more stocks across my personal portfolio late last week.
The top three stocks this week should come as no surprise. Rohm and Haas took a huge jump up to number one this week. The second place company is another buyout candidate, Wrigley. The third place belongs to the newest foreign-owned brewer, Anhueser-Busch. I read quite a few articles over the past couple of days berating BUD for selling out to foreigners. People are throwing down their Bud Light cans all across the nation.
I would just like to point out that even though it is foreign owned, Anheuser-Busch still employs a great deal of american workers. So please, do your patriotic duty and drink your Bud products like a true American.
Little change at the bottom except the numbers keep getting worse. I don’t know how far this thing can go with the banks. I would have never guessed it would get this bad. Wow. Regions still lower than the lowest, while KeyCorp took over second from Fifth Third. Aye, caramba!
Thoroughbred Performance (Week 30 of 52): $-503.07 (-16.77%) Dividends To Date: $52.66
Top 3 Stocks
- Rohm and Haas $25.50 (34.00%)
- WM Wrigley $22.23 (29.64%)
- Anheuser-Busch $20.39 (27.19%))
Bottom 3 Stocks
- Regions Financial $-51.27 (-68.36%)
- KeyCorp $-44.94 (-59.92%)
- Fifth Third Bancorp $-43.71 (-58.28%)
Stocks used in this post:
- (BUD: 0.00, N/A, Yield: N/A%)
- (FITB: 7.71, 0.00%, Yield: 15.30%)
- (KEY: 6.91, 0.00%, Yield: 18.86%)
- (NUE: 25.52, 0.00%, Yield: 8.50%)
- (RF: 7.66, 0.00%, Yield: 16.19%)
- (ROH: 71.25, 0.00%, Yield: 2.25%)
- (SNV: 6.68, 0.00%, Yield: 212.77%)
- (WWY: 0.00, N/A, Yield: N/A%)
Recent Comments