We’ve sold a number of puts in some names we’d buy if it reaches our price targets. Wednesday, 6-13 will be an interesting day as the market probes new recent lows. We are picking up more Dresser Rand, DRC which was recently highlighted in Bloomberg as a likely takeover candidate. We’ve been in an out of this name twice in the last ninety days and welcome the third time.
Pfizer looks interesting to us here at $27-28 and acts fairly well in a bad tape.
AT&T $35 and under. Verizon between $45-48
Perennial takeover candidate Walter Energy has been pummeled in here at current prices.
Exxon below $87.5 and Altria below $35
NuStar Energy at current prices with a 9.7% dividend yield. Investor relations assures the public there are no plans to cut the dividend.
Kellogg below $57 and Mondalez below $27
Apple with cost basis around $417