Lemley Yarling Management Co
15624 Lemley Drive
Soldiers Grove, Wi 54655
Comments on activity in client accounts
11 October 2019
Markets recovered late week as the Trumpster decided to talk with the Chinese and promised something might occur from the reenergized talks.
We remain negative on the markets but did repurchase Urban Outfitters and Michaels as non-mall retailers who would benefit from any positive China/US action.
And we repurchased Viacom B near its 10-year low. CBS will acquire VIAB in the near future for .59625 shares of CBS stock. Both companies are ridiculously cheap. They both have a huge amount of content in their libraries and they continue to produce content every day. Eventually someone is going to buy the combined companies. We have traded profitably in the past.
Even with those purchases most accounts are 60% and more cash (USFR) or majority AT&T stock (smaller accounts) which went ex-dividend 51 cents this week.
Big freeze coming tonight.
4 October 2019
Markets were lower this week but still within two- or three-trading days of new highs.
We are content on the sidelines maintaining our all cash position. We bought shares of AT&T in larger accounts for a trade since it's backed off 10% from its recent high and is going x-dividend 51 cents next week.
The fall colors are arriving this week in the land of milk and honey.
Comments on activity archives
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