First, a sale to report: Atlas Resources was bought out by Atlas America, thereby forming Atlas Energy (ATLS). As part of this merger, ATLS will not be issuing dividend payments, and therefore no longer fit my investing strategy. It was sold for a nice capital gain of 124% (193% annualized), and funds this month's two purchases.
Keeping in the spirit of Atlas Resources, Great Northern Iron (GNI) is a small cap ($138 million) commodities stock, with a large dividend (7.7%). Its P/E, margins, and cash flows are phenomenal, and the company has zero debt.
Continuing last month's "big and boring" trend, Vodafone (VOD) is probably best known in the U.S. as the better half of Verizon Wireless, but also provides wireless services throughout the world. Of course, being a large telco means Vodafone has massive, stable cash flows to fund a generous 7.1% dividend.
Here's my current portfolio. As always, I believe in all of these stocks - until I sell them.
Southern Copper (PCU) 12.30%
Apple (AAPL) 10.51%
Google (GOOG) 9.28%
Terra Nitrogen (TNH) 7.27%
Tesoro (TSO) 6.74%
Dominion Resources Black Warrior Trust (DOM) 6.44%
Ace Limited (ACE) 5.66%
Frontline (FRO) 4.55%
Blackstone (BX) 4.39%
American Software 4.30%
The Distressed (AIG, C, F, FNM, GM, JSDA, MOT, WFC, YRCW) 3.62%
Biovail (BVF) 3.12%
Vodafone (VOD) 3.12%
Great Northern Iron (GNI) 3.11%
Tidewater (TDW) 3.07%
Apache (APA) 3.00%
PDL BioPharma (PDLI) 2.95%
Cherokee (CHKE) 2.91%
DuPont (DD) 2.52%
