Tuesday, May 15, 2007

Quick Update

Just sold all of the Capital One Financial (COF) from the Long-Term Portfolio at 77.38. I have never bought any shares of COF. I ended up with the COF position as a result of two other purchases.

Long ago, I bought New York based Greenpoint Financial, which was acquired by North Fork Bancorp. Around the same time, I also bought Hibernia, based out of Lousiana. In 2005 and in 2006, Capital One bought out Hibernia and North Fork, respectively. And, so I ended up with the shares. So, there you have it.

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