To J.P. Morgan: As shareholders of your fine company and recognizing that your earnings far exceded Wall Street estimates and given the fact that you slashed your quarterly dividend over the past year by nearly 90% and given the fact that your stock has gone nowhere for nearly twelve years, don’t you think it would be better business to reward your sharehoolders by increasing your dividend rather than providing bonuses for your already wealthy employees. Hmm, just a thought.
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Commentary for January 15, 2010
Friday, January 15th, 2010
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Any specific stocks named in this presentation may not be representative of current or future investments in the portfolio to which they belong. You should not assume that investments in the securities identified were or will be profitable. We will furnish, upon your request, a list of all securities purchased, sold, or held in the portfolio during the twelve months preceding the date of this presentation.
Please note that all data is for general information purposes only and not meant as specific recommendations. The opinions of the authors are not a recommendation to buy or sell the stock, bond market or any security contained therein. Securities contain risks and fluctuations in principal will occur. Research any investment thoroughly prior to committing money or consult with your financial advisor. Please note that Fagan Associates, Inc or related persons buy or sell for itself securities that it also recommends to clients. Consult with your financial advisor prior to making any changes to your portfolio.
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