If you are a first timer, please read the following pieces first. It will provide you with important background information.
1. Why I created this blog?
2. How am I going to operate this blog?
I also bought 100 shares of GSK at 38.74 and another stock which I will keep anonymous for now since I am not done building my positions yet. Once I finish building a full position, I will post all the history with that stock. For now, I can only say that it is an industry leader in the process of splitting itself and is way undervalued.
I owned 300 shares of GSK before I made the recent purchase. GSK is a healthcare conglomerate. I am buying it at a P/E of 11.36 and a yield of around 6. The healthcare industry as whole is facing political headwinds and GSK is having its own controversies. However, I believe it is one of the most undervalued stocks out there.
Wednesday, March 3, 2010
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