New Stock Purchase: PM
This afternoon, about two minutes before the closing bell, I bought 11 shares of PM for $46.48. You may recognize PM as Phillip Morris International.
This afternoon, about two minutes before the closing bell, I bought 11 shares of PM for $46.48. You may recognize PM as Phillip Morris International.
An IPO, or initial public offering, is the event that brings a public company into the stock market. When an IPO takes place, investors are able to buy the company’s stock on a major index. There are many reasons for a company to start an IPO, or avoid an IPO, and the mechanics of the process are fairly complex.
This analysis is my own opionion based on my own research. My investment strategy is to buy and hold, not trade regularly.
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As you all know if you are a regular reader, I am a fan of Lending Club. Lenders on the site are exposed to the entire dynamics of a market system, and that correlates directly to what you experience when investing in the stock market.
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I made it to Omaha and back for the Berkshire Hathaway 2010 annual meeting. When I pulled up to the shareholder cocktail party at Borsheim’s on Friday night at 9:00pm, I knew that I was not at your typical shareholder event.
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I made a good find and thought I would share it with all of you. I plan to purchase this stock in my personal portfolio and to recommend it to the class for a fund.