Recent Libya tensions created a good opportunity to start a position. This company has very little impact from International unease. Inflation can cause very little negative effect to this company. Management has over 10 year's of solid performance. Dividend is attractive. 70% market share also looks very promising.
All those reasons only shows that this is a good company. We should not buy into a position solely because this is a good company. What convinced me buy into it is the valuation. Current price is below fair market value.
2/23/2011
Bought 2,000 shares at $46.39
2/24/2011
Sold 20 contract ($45 March 19) -- Premium $1.9
Target 1.1% profit in 24 days. Or annualized 16% return
3/24/2011
Option executed. This action is a success
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