You'll recall last month I trimmed my Microsoft (MSFT) position, selling those shares at $30.37. I thought the tech sector was getting frothy and wanted to book some gains. I had bought MSFT for $18 and change when establishing the holding.
Today I added back those shares, and a few more, by purchasing MSFT at $27.998. (That's right -- $27.998.)
Microsoft is in the midst of a powerful product-upgrade cycle, and the very popular Windows 7 hasn't impacted the balance sheet yet. They have some other good things going on and, if you haven't done so already, be sure to check out Fred Hickey's measure of the company in the latest Barron's Roundtable.
MSFT's yield isn't as good as when the stock sold in the teens. But they have $36 billion in cash, and perhaps they'll declare special dividend this year since the tax on dividends may rise after 2010.
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