This SOB should be behind bars. I don’t give a rip what his positions are today, what were they 14 months ago?
ping
Lets try to take this guy down...Obama Reid and Pelosi are all his sock puppets!!!!!
Picking the pockets of illegals. Do any of you know what the Wal-mart charges to send money to Mexico
Those are not exactly rocket scientist bets, in my book.
Mr Soros significantly increased his positions in AT&T and Verizon Communications by 3.4 million shares and roughly 4m shares, respectively.
T is exactly the same price it was 3-4 months ago, but it *does* pay a 6.2% dividend.
VZ is actually lower than it was 3-4 months ago, and it pays 6.3%. Good dividend plays, glunky companies.
BAC is exactly the same price it was 3 months ago and pays a whopping .3% dividend.
JPM is very slightly above where it was 3 months ago and pays .5%
He could be lowering his average cost on these financials. I myself don’t see where the big increases in these banks’ earnings are supposed to come from. Perhaps this is a bet on ever increasing government control. Why that is attractive to a greedy capitalist, I don’t understand.
>>I would bet far more readily that George Soros has placed bets 50 or 100 larger on a declining dollar.<< If so, he’s cleaning up on that one, like every other hedge fund on earth.
PBR is up 20% over its 3-4 months ago price so maybe he is taking those gains. IMO PBR is a great play on rising oil prices.
Ford? Buying it at $8 is OK, I guess, where was he when it was $1?
My thoughts as well. I wonder if he benefited from the trillions in bank bailouts.