Lemley Yarling Management Co
15624 Lemley Drive
Soldiers Grove, Wi 54655
Comments on activity in client accounts
Valentine Day 2020
Markets continue to meander around new highs as the coronavirus acts as a hindrance and positive earnings report are a stimulus. This is the second approach to new highs in the last month. The 30% gain last year coupled with the ten-year rise from the 2008-09 collapse suggests caution.
During the week we added Cisco at 12 times earnings with a 3% yield and Wells Fargo with a 4.2% yield and at 11 times earnings. We know good yields and low p/e ratios are a thing of the past for investors but we are/and have always been more comfortable trading negative market reactions in quality issues than chasing the 100-time earnings wonder stocks.
We currently own ViacomCBS, Cisco, Well Fargo, Sprouts Foods, Under Amour, Marathon Oil, and a 60% cash position or more in many accounts.
7 February 2020
Markets moved to nominal new highs on Thursday before pulling back slightly on Friday ahead of the weekend. The coronavirus in China continues to be a worry for markets as China is the second largest economy in the world and the measures being taken to contain the outbreak are surely having an effect on economic activity.
In the La La land, traders pushed Tesla to $940 on Tuesday before realizing that Tesla production and consumption in China might be affected by the virus. But the volatile action is being enjoyed by market makers and Tesla still remains the darling of the day traders.
Back to the real world, we traded AT&T for a 50 cent to 1 dollar per share profit this week and will continue to do so as this strategy has been working for us- and has been more profitable than just holding- for the past year.
We currently own ViacomCBS, Sprouts Foods Markets and Marathon Oil along with a 70% or more Cash/USFR position in most larger accounts.
Spring is on the way.
Having just reached 76 and after 30 wonderful years owning the prettiest farm in America, we have decided that a move to a Madison, Wisconsin apartment while maintaining a small cabin in the area is the proper way to begin the next chapter of our lives.
Of course, we plan on continuing Lemley Yarling Management Company- Old traders (52 years and counting) never quit until ----.
With that in mind we have listed our farm for sale.
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For those clients of LY & Co and other
interested persons the Quarterly Report on the routing of customer orders under
All SEC Rule11Ac1-6 Quarterly reports up to March 2, 2012 may be found by visiting
the diclosures at LY& Co Clearing Broker Mesirow Financial
From March 2, 2012 forward all
SEC Rule11Ac1-6 Quarterly reports may be found by visiting the website
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A list of all recommendations made by Lemley Yarling Management Co for the preceding one-year period is available upon request.
Business Continuity Plan