In the end of August, 2003, we started buying Lowes Corporation (LTR) for our clients around $41 per share. Here is the time-stamped message to our clients. After a 3-for-1 stock split, our cost bases is $13.67. With the stock trading around $50 now, we have a 266% gain in the stock.
We have recently received an exchange offer from Loews Corporation to exchange 0.70 shares of Lorillard, Inc. (LO) for each share of Loews Corporation (LTR).
After a careful study of the “Offer to Exchange/Prospectus”, we recommend our clients to sit tight with their LTR and ignore the exchange offer.
(Stay tuned for our LTR case study. Potential investors and clients have asked us about our investment thought process. We will be posting some of our historical case studies in the future.)
ZENWAY.com 