Merchants Bancshares Inc (MBVT) – Buy
We added more to our position in Merchant’s Bank (MBVT) today as the price dipped below our buy price of $26.85. Merchant’s Bank is our largest holding by far as we find the price attractive, especially at $26.85/share, which put the PE around 10 and the dividend yield at 4.17%. As stated in the past, […]
Cisco Systems Inc (CSCO) – Buy
We bought more shares in Cisco (CSCO) today at 19.429/share. The Bad News The selling today is an overreaction to the some negative news reported yesterday regarding their recent earnings report. They had a smaller gross margins (.90% less than expected) and the CEO’s outlook was more negative than expected. Â Chambers sited concerns in weaker […]
eBay Inc (EBAY) – Sell
Sold a portion of our eBay (EBAY) position today. While I feel that eBay is still a very strong business with good potential going forward I think that the current price to earnings to growth is getting high at this point (PEG 1.6). However, I don’t feel it’s high enough to sell my whole position, […]
Merchants Bancshares Inc (MBVT) – Sell
As I predicted the price of Merchant’s Bank (MBVT) has recovered from the unreasonable drop last week. Since I bought the additional shares last week with the whole intention of selling once the share price recovered to sold those shares today for a quick 7.49% gain. Again, I am still keeping the bulk of my […]
Merchants Bancshares Inc (MBVT) – Buy
Banking stocks are down a bit today, including Merchant’s Bank (MBVT), as a result of a Massachusetts court decision against Bank of America (BAC) which voided a couple foreclosure sales the bank made, which violated Massachussetts law. Banks such as Bank of America were buying and reselling packaged mortgage-backed securities, and because the mortgages got […]
Cisco Systems Inc (CSCO) – Buy
Cisco (CSCO) dominates the enterprise routing and switching market. The switching costs to other competitors is high giving them a good wide moat for their business. Long term demand oulook looks great as internet usage growth continues. Cisco has a large cash hoard and great cash flow to continue to capitalize on opportunities. The biggest […]
eBay Inc (EBAY) – Buy
Ebay (EBAY) is one of the top shopping websites and I personally use them to sell goods and services and use Paypal significantly within my business and to make personal purchases. While Ebay is a great service to the online community, which I use significantly in my own business, I feel that Paypal is their […]