Since Nuveen (JNC) is getting fairly close to its buyout price, and since S&P indicates that it is not likely to get a sweeter offer, it was sold, and purchased was VF Corp (VFC), a company that has been on our radar for a long time. It is still somewhat a risk in this market climate, but not as overvalued as it was. It is an excellent dividend grower, and it's a quality company. Another purchase, Entergy (ETR), is filling the void we have had ever since we sold PPL Corp (PPL). Now we finally have a utility stock again. Both PPL and Entergy are utilities that have a non-regulated growth component to them. I think Entergy is the better value at this point, although PPL could continue to appreciate from here as well. We also sold a third of our position in Chevron (CVX).
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