Cold Season

Yeah, I'm coming down with a little case of the cold. So what do I do? I head down to my local drug store and pick up a pack of Cold-EEZE. I'm pretty skeptical of this stuff, but I've used it before and it does appear to reduce the cold symptoms much faster. Anyways, I'm checking out the package and notice that it's a public company. Quigley Corp (QGLY) manufactures the product. Just for the fun of it, I checked out the chart of QGLY. In fact the chart looks pretty good; the stock just had a nice break out. Unfortunately, this company is just too speculative. They've had accounting issues in the past and the recent spike was due to some new product announcements. They developed a mask that supposedly filters out and kills viruses. Seriously, who's going to walk around in public with a mask? I like the product Cold-EEZE, but not the stock.



On a different note, yesterday Amgen (AMGN) announced a nice stock buyback. They are buying back $5 billion of stock and that's on top of the $2 billion remaining in the current stock buyback. This accounts for ~ 10% of the outstanding float. Stock buybacks are generally bullish for the stock. Management has confidence in the future outlook of the company and feels the stock is a good value. The stock buyback will also increase the earnings per share. Amgen’s going higher…