“Oprah Sold & Everyone Hates GE”
Per the March 6th SEC filing, Oprah sold 2.72 million shares of Weight Watchers stock. She sold 2.36 million shares and donated 361,000 shares to her charity. Prior to the sale, Oprah owned 6.3 million shares bought at $6.79 per and she controls options to buy an additional 3.5 million shares at $6.97 per. The stock (ticker: WTW) closed today at $63.38. She’s made about 9 times her initial investment—a nearly $150 million profit. She’ll make even more on the options going forward. Genius, she. And WTW has brought aboard DJ Khaled in a pitch role.
We, too, sold about half our shares. I intend to let the remainder ride and see what Khaled does for the numbers. As long as Oprah’s in, we see no reason to sell altogether. I advise you to do the same.
On General Electric (GE):
GE is the ugliest, most hated, most toxic, most diseased, most heartbreaking, most inglorious migraine-inducing so-called conglomerate in the history of American-born and -bred industrials. Its fall from business-titan grace is shameful if not borderline criminal. Each and every criticism and profanity spewed about it from former/current shareholders and sideliners alike is justified and much deserved.
But this ain’t Enron nor WorldCom.
And that’s why I’m buying as many shares as possible at these firesale prices (just under $15 per) . . . before Buffett gets in.
Of course, it wouldn’t be Pamper-Her-Friday without the “pampering,” would it? So, what do you say we do a bayside dinner at Mindi’s Cove and take in “A Wrinkle in Time” at the show? On the drive up the coast you can tell me how it feels to be the owner of a treasure chest of GE shares that’re sure to bounce going forward—in addition to the WTW shares I sold at 8-times profit in your behalf.
With a little patience, we can hit the jackpot and then celebrate once again on a Pamper-Her-Friday at the end of the rainbow.
I promise it’ll be worth the wait. Happy Pamper-Her-Friday, angel.
The very thought of you,
Pamper the woman . . . and forever live in her soul. -Rg2
© 2018 Pamper-Her-Friday by Rg2®