Monday, June 19, 2006

Quick Trade Update

I swapped out of St. Jude Medical (STJ) and into more Fortune Brands (FO). Exit 100% of the STJ position at 33.70 (for roughly 13% loss) and added to the FO position at 69.32, bringing the overall cost basis to $75 even. STJ is simply not executing, and in current turbulent times, I prefer owning companies that are not only producing cash, but also distributing cash via dividends.

Another bloody day, but I'm still a selective buyer.

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