2/21/07: bought back the Apr$45's for $9.10 apiece and sold Jan08 $50's for $10.20. Made a small profit on the options trade and lowered cost basis to $42.62. Total IRR on the trade remains roughly the same (~22%) but overall $ profit increased by nearly 4x for slightly less risk. 2/14/07: bought at $47/share and sold Apr $45's against the position for $4.30 apiece. Cost basis: about $43.25. Will make $1.75 / share (plus a dividend) in about two months time so long as the stock stays above $45. Annualized returns in the 24% range. Lots of implied volatility in the options on this stock. If things turn sour, not a stock I would hate to be stuck holding (although I took an abnormally large position this time through).

Cost basis: about $25.60 (adj for reinv divs). Bought near the bottom during the Vioxx debacle and have just let the dividends reinvest. Getting stretched in valuation, just letting it ride. MRK & FPL are core, long-term holdings that I don't do much work on anymore.

Cost basis: about $17 (unadjusted for dividends). Have not reinvested divs on this stock. Preferred metric for valuing is Price / Net Asset Value. Also monitor Baltic Dry Index of freight rates. Long term contracts were locked in at decent rates, and any expiring contracts will be at new, higher rates.

Cost basis: about $58. Got very lucky, kept a close eye on this stock and jumped all over it when it got a DOJ subpoena, taking it down well below fair value. Long-term demographic fundamentals in favor of business. Would add more in the 70's.

Cost basis: about $26. Exiting soon... 2/12/07: Exited @ around $41.50. HPR of approx. 58%

Cost basis: about $22.

Cost basis: about $21.50. Bought initially due to Barron's piece, doubled down when stock fell into the upper teens. Collect a nice dividend and write calls against this stock.

Costs basis: about $60. Bought on recommendation from Barron's and company's exposure to water-treatment/filtration products.