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thanks for the advice, dsnellen. The account in question is a taxable one.
8.81% seems extremely good to me, much better than "decent," especially with regards to munis. I am wondering if I'm missing something... i.e. risk?
Will do more research, though..
RF take a look at Vanguard's Tax Free Muni VWAHX yielding 5.03%. It does own a number of highly rated munis across the country so at least some of the dividends will likely be taxable.
I went back into HIG last week at $11.59. This is my fifth time in this stock this year and I have made money the previous four times. I like the company and the stock is still well under its book value.
Hartford Financial Services (HIG). Current price $7.60. Book value per share $30. Analysts are giving it a target of around $23.
Rodmann Renshaw (RODM). Current price 37 cents. Book value per share is 67 cents. Insiders are buying. Fairly high risk but not hard to see a 50% - 100% gain for the brave.
Gamestop (GME). Good company but pulled down by the state of retail in general. 52 week high of $59 and right now trading at around $24. Owns the video game space in malls all around the country.
AK Steel (AKS). 52 week high $73. Right now about a dollar above the 52 week low at $6.24. Possible takeover target. Only place to go is up.
Update on my first contribution to this thread (see page 1)
HIG - now trading at $21.79. I have been in and out several times and made a profit each time.
RODM - now trading at $1.70. I bought 30,000 shares (yep thirty thousand) when it was low . One broker is giving it a price target of $2.50
GME - pretty flat really and a disappointment. Trading at $25.04.
AKS - Another one where I sold at a profit and went back in. Now trading at $21.72.
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. One broker is giving it a price target of $2.50
