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Wall Street Breakfast: Must-Know Newsby SA Editor Rachael Granby- Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought.
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Wednesday, October 15.Bullish Calls:Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.Bearish Calls:Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."Email continues...
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
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Dividend Analysis: Valspar Corporation
Dividend Analysis: Valspar Corporation
Dividend Analysis: Valspar Corporation
Using Yahoo! Finance, on Dec 31, 1997 the opening/closing price for VAL was 30.96/31.08. So investing $100,000 at that time, one could have bought 3225 shares, not 2768. Also, the dividend that was paid in March 1998 was 5.25/share. So, 2786*5.25 = $146.25. How did you arrive at $337.84?