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Lemley Yarling Management Co
15624 Lemley Drive
Soldiers Grove, Wi 54655
Bud: 608-624-5777       Kathy: 630-323-8422

Comments on activity in client accounts

21 October 2016

We are back and not much occurred while we were gone. We repurchased Marathon in accounts.

There is talk that Viacom will merge with CBS although no premium is expected. We are going to hold the position at a loss for a while since the downside is controlled.

First Solar gained on hopes of expansion of solar projects if Clinton wins.

Wells Fargo continues to be pressured by negative news.

Ascena made a new low. We have traded successfully and position is small.

We are getting our land legs back and we continue to expect meandering till after the election.


7 October 2016

During the week we took a nice trading profit in Marathon Petroleum as oil traded at $50 (the top end of the range for the last 6 months) and placed some funds in Whole Foods.

We are taking a few weeks to visit clients in the western U.S. As many of you know we believe that God made birds to fly and men/women to drive and so we will be exploring the cornfields of Iowa, the bean fields of Nebraska, the sunflowers of Kansas, the windmills of Colorado, the pueblos of New Mexico and the old folks in Arizona for the next few weeks. Kathy will be holding the fort and through the wonders of the internet we will be in touch with market happenings. We will return to post on 23 October.


Good article in the New York Times about free trade. Finally someone mentions Smoot Hawley and The Great Depression.



When Lands' End hired a woman from Dolce and Gabbanna and Ralph Lauren hired a Man from Old Navy to be respective CEOS we said the hires would have made more sense if they had been reversed.The Lands' End CEO recently bit the dust:

Epic fashion fail: How Lands' End tried to be young and stylish — and fell flat on its face



This is how Donald Trump's accountants and lawyers most likely used the tax code to avoid paying income tax for almost two decades.


David Cay Johnston.




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15624 Lemley Drive Soldiers Grove, Wi 54655 608-624-5777
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