Just an update (not that I post very often):
Microsoft closed today @ $40.47 -
If you had bought on May 11, 2011 at $25.00, you would've earned an annualized return of 21.32%. (including dividends, pre-tax)
Corning closed today @ $21.16 -
If you had bought on Feb 2, 2012 at $13.50, you would've earned an annualized return of 25.64%. (including dividends, pre-tax)
Put simply: Value Investing works!
However, due to competitive reasons, I can no longer recommend either of the above companies.
The stock price may continue to go up, or they may decline.
Either way I believe there are now qualitative reasons that argue against holding either security.
Disclosure: I no longer own either MSFT or GLW.
Wednesday, April 9, 2014
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