Soros bought CVS, Rite Aid, Halliburton in Q4

[meegbear]

EDIT: I changed the post to link just to the story itself. The original post was linked to a blog at Forgein Policy, which I got from HuffingtonPost.com

Billionaire investor George Soros said on Wednesday he bought 2.1 million shares of CVS Corp (CVS.N: Quote, Profile , Research) and 1 million shares of Rite Aide (RAD.N: Quote, Profile , Research) in the fourth quarter of 2006.

Soros also added 1.9 million shares of Halliburton (HAL.N: Quote, Profile , Research) and 1 million shares of Take-Two Interactive Software (TTWO.O: Quote, Profile , Research) to his portfolio during the quarter.

Soros Fund Management LLC disclosed its holdings as of Dec. 31, 2006 in a quarterly filing with the U.S. Securities and Exchange Commission.

http://today.reuters.com/news/articleinvesting.aspx?view=CN&storyID=2007-02-14T233646Z_01_WAO000067_RTRIDST_0_SOROS-HOLDINGS-ADDITIONS-URGENT.XML&rpc=66&type=qcna

[Midlodemocrat]

1. I think he might have bought it to have a controlling interest

in their goings on.

I hope so, anyway.

[hippiechick]

2. So if he buys 2M shares, is he the major stockholder ?

... and can he kick Cheney's ass? Lord knows, as mjor stockholder, he can dictate decisions the company makes by influencing the rest of the board.

Best way to kill the beast, is to get into it's lair and take it down from the inside.


I say, Good for him! :applause:

[ShortnFiery]

7. Right, let's not face the truth that we are in CLASS WAR

because it would be so much easier to think that when our Rich or Politicians talk out of both sides of their mouths THAT deep down, they truly give a damn about the peasant classes. Think again? They could care less ... we are entertainment ... cannon fodder for their war games.

Breath deep and shake off the ether: Corporatist Democrats don't give a shit about those who are not within the investor classes. If you don't have over $300,000 invested in the Stock Market, you're NOT part of their club. :evilgrin:

[hippiechick]

23. Jebus, where did THAT scolding come from ?

:wtf:

[ShortnFiery]

25. Excuse the harshness. But the political elites are NOT our friends - that includes Soros. n/t

[ddbaj]

32. Ugh

Please do not worship corporate money. I do not enjoy being a pawn in the game of the rich.

[ProudDad]

13. Sorry, it's just chump change

Following article talks about a stock split in '06 that sets the outstanding stock at 2 BILLION shares...

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B084F03B4-DB64-459F-8DC3-E440653CB5AF%7D&siteid=google

[northzax]

14. not a chance

the daily volume on HAL averages 17.4 million shares in the past three months.

[station agent]

19. I think Soros knows what he's doing

He's built up a bit of good will. Let's watch and see what happens. I am dying for him to buy CNN.

[CATagious]

3. good gawd!

"Normally, I'm willing to overlook the hypocrisy of the liberal elite. If Al Gore and his Hollywood cronies want to fly around on gas-guzzling, atmosphere-polluting private jets while railing against global climate change, I'm willing to overlook it."

You need to educate yourself... facts are your friends.

[meegbear]

4. I agree ...

it's from a blog and I posted it verbatim.

[CATagious]

10. aaaahhhh...

ok :)

[meegbear]

16. I took up Vash's post and changed the OP ...

and :party: WELCOME TO DU!! :party:

[Nicholas D Wolfwood]

5. You should indicate that those are not your words.

Because the amount of idiocy in that statement is overwhelming.

[ShortnFiery]

17. Exactly, IMO Soros is NO Liberal. n/t

[Doctor_J]

6. Soros made the 2004 election divisive?

Wow, when can we get Republicanism declared a mental illness?

[JuliaA2005]

8. apparently al gore flies commercial

It's come up a few times in the past several years. Most recently it was because he was random searched coming and going on a commercial flight and they were pointing out that if airport security is going to pull just a couple of people out of line for a search, perhaps the former VP is a safe bet and could be eased up on...

[Doctor_J]

9. Since Al is probably on a Rove terrorist watch list, he's lucky he

gets to fly at all.

[meegbear]

18. Glad he does, it keeps him "approachable" ...

I've always thought he was an approachable person. And :party: WELCOME TO DU!! :party:

[ThatPoetGuy]

11. Uh...

"he sunk $24 million of his own "soft" money into the 2004 campaign, helping make that election one of the most divisive in modern history."

Uh, that argument is total garbage. Unless he gave that money to the swift boaters.

Republicans painted Kerry as a coward and a traitor and a supporter of terrorism, a wishy-washy flip-flopper who looked French. Democrats and Democratic groups weren't the ones being divisive.

The author of that piece is full of it.

[ShortnFiery]

12. In a warped sort of way, it makes you wonder if Soros and Cheney meet

in some underworld club to place bets with each other as to who's going to win their "Investor Class" pissing contests over our two wars of choice?

Like the flick Trading Places - only with American's lives in the Iraqi War?

Hell, the story almost writes itself. ;)

[ProudDad]

15. Yawn...

WASHINGTON, Feb 14 (Reuters) - Billionaire investor George Soros said on Wednesday he bought 2.1 million shares of CVS Corp (CVS.N: Quote, Profile , Research) and 1 million shares of Rite Aide (RAD.N: Quote, Profile , Research) in the fourth quarter of 2006.

Soros also added 1.9 million shares of Halliburton (HAL.N: Quote, Profile , Research) and 1 million shares of Take-Two Interactive Software (TTWO.O: Quote, Profile , Research) to his portfolio during the quarter.

Soros Fund Management LLC disclosed its holdings as of Dec. 31, 2006 in a quarterly filing with the U.S. Securities and Exchange Commission.

[Dover]

20. Will MoveOn.org now refuse Soros’ money? (update)

Will MoveOn.org now refuse Soros’ money? (update)
Posted by: McQ on Wednesday, February 28, 2007

Lance, at A Second Hand Conjecture, cites a post by Joshua at The Conjecturer (see, Lance is living up to his blog's name) which points out that George Soros has bought a stake in Halliburton, the corporate whipping-boy of the left:

http://www.qando.net/details.aspx?entry=5541


http://www.huffingtonpost.com/topics/George+Soros

[ShortnFiery]

21. Don't you see that all this "divide and conquer" is one big game for the Political Elite

on both sides of the Political spectrum.

They are laughing their asses off because nothing gets done. That's exactly how "the haves" on both sides want it: GRIDLOCK and CONTINUOUS WAR.

It's time to wake the f**k up to realize that this is not a LEFT or RIGHT argument.

This is an argument between the Political HAVES (on both sides who own the media) to keep us *little people* either dumbed down by bread and circuses or polarized, i.e., at each other's throats.

We need to FLUSH our Corporatist Democratic Representatives in favor of POPULIST Democrats at their very next Democratic Primary. Anyone who voted for the IWR will NOT get my support - PERIOD.

MY POINT: Take a moment and ask yourself: Who are we fighting here? I submit that our enemy is "Political Elitism."

[Dover]

22. If you're addressing that statement to me, you're preaching to the choir..>

I've often used the analogy that the elite own both teams (reps and dems), hire the coaches, make the rules, recruit the players at big salaries, keep enough on hand for depth and rotation, and 'win' (profit) regardless of which team gets the most touchdowns. In essence they own OUR government. And the CIA, Pentagon, etc. work for THEM not us.

_________________________________________________________________________________________________-

George Soros Sells Oil Producers, Buys Oil Distributors
November-25-2005

Billionaire investor George Soros has sold most of his holdings of oil producers during the last quarter, instead he has bought oil equipment makers, services companies and distributors.

As oil prices hit multiyear highs during the last quarters, Soros dramatically reduced his holdings in oil producers. The number of oil producers in his holdings was reduced from 17 to 8 during the second quarter, then to only 1 in the third quarter. On Sept. 30, the only oil producer he owns is Pioneer Natural Resources Co. (PXD). The industrial weight of oil producers in his holdings decreased from more than 19% to only 2.8%. Burlington Resources Inc. (BR), Devon Energy Corp (DVN) and ExxonMobil Corp.(XOM) are among the oil producers he has sold during the second quarter. ConocoPhillips (COP), Chevron Corp. (CVX) and 4 other oil producers are among the sold during the third quarter

As he sells oil producers, George Soros buys oil equipment makers, service companies and distributors. The number of companies he owns in this industry has increased from 2 to 6. He bought BJ Services Corp. (BJS), Halliburton Co. (HAL), Schlumberger Ltd. (SLB), Noble Corp. (NE). the weight of this industry in his equity holdings has increased from 0.6% to 3.6% during the third quarter.

As one of the largest hedge fund managers in the world, with approximately $13 billion of assets under management, Soros ranked as the 55th richest man on earth. Known for his excellent investment record and macroscopic insight in economic trends, what prompted Soros's recent oil move? Did he think that oil stocks are due for correction? Did he see something that others have not seen?..>

http://www.gurufocus.com/news.php?id=728

_____________________________________________________________________________________________


It seems people just don't know how to step outside the box (although we can do that in small ways through careful choices), so they keep rearranging the furniture..satisfied with the 'new normal' look they achieve. While it would be nice for a true populist to lead us, and help us break out of the box, they wouldn't live much past their first public address. Real change MUST come from a groundswell within the grassroots...the people.

[ShortnFiery]

24. "Real change MUST come from a groundswell within the grassroots...the people."

Amen! And thank-you! :hi:

[Dover]

26. Seen this yet?

From: The Principles of Populism
By: Speech Delivered by Senator J. E. Doom (!!) in the Oklahoma Legislative Council,

January, 1895

... Mr. President, with sorrow, not in anger, I express it as my deliberate conviction that, considering the present condition of this country, brought about by legislation, combined with executive action, for which the Republican and Democratic parties are solely responsible, the People's party is today the only national party whose policies will perpetuate the government founded by the wisdom of Washington and Jefferson and brought by the blood and privations of our fathers and mothers in the war of Revolution, to establish the principle of "Equal rights to all, special privileges to none."

Sir, the time has gone by when the dangers that menace the welfare of the people and the very existence of the government, can be dismissed with a sneer, or be made the subject of jest. History but repeats itself. The man of today is the same creature, with like desires and ambitions as those for whom, in the far distant past, Draco made laws in Athens. Like causes produce like effects. Every student of history knows that, from the days of Draco to the present time, whenever the wealth of a nation has passed into possession of a privileged few, and the mass of the people became miserably poor, that nation sank into ignoble slavery, or, by bloody revolution, righted its economic conditions.

Sir, the American people will never be slaves. They are patient, are long-suffering, but when the cup of their misery is full, to the running over of a single drop, there may be precipitated a condition of things, the thought of which makes my blood run cold. We are traveling the same road traversed by the French people preceding the great revolution of 1789. There, the governing class, the privileged few, with three-fourths of the wealth in their possession, turned a deaf ear to the prayers of the down-trodden millions. That governing class, arrogant from long immunity, sneered at and derided the advice of Turgot, drove Necker into exile. The starving people who cried for bread were hanged on gallows fifty feet high, in order to deter others form the disturbing festivities at the royal palace. But the day of retribution was at hand; the cry of the poor and oppressed had gone up on high. A just God, who is no respecter of persons, poured out the vials of his wrath on the heads of the oppressors. Who can say that punishment was not deserved? They would not listen to Turgot; they would not listen to Necker; they would not heed the admonitions of LaFayette, nor of the Girondists, B but were forced to hearken to the inexorable logic of Robespierre, Marat, and the guillotine.

So today, in our own beloved country, the money power, which Mr. Ingalls characterized as having "No politics but plunder, no principles but the spoliation of the human race,@ acting through gigantic corporations, arrogant in assurance of security afforded by vicious legislative, executive and judicial action, turns a deaf ear to the cries of distress going up from every city and town and from almost every fireside. The cry for bread is answered by volleys of musketry or by imprisonment. Surely, a day of retribution will come. The just God, the omnipotent Jehovah, who as the foundation of political economy for his children in all ages and in every climate, said to each and everyone of Adam's race, "In the sweat of thy face shalt thou eat bread," and "Thou shalt not steal," will ere long, loose the thunderbolts of his wrath, unless the wrongs of his children are righted. It is the mission of the People=s party to avert that wrath. Like Abraham pleading for Sodom and Gomorrah, the most profound thinkers, the most ardent patriots, eminent men and women in every walk of life, have raised their warning voices.

Mr. President, the time is past when the cry of "calamity howler" is sufficient to close people=s ears to the truth. Facts are stubborn things and events are forcing the truth home to the understanding of immense numbers. It is not only the "impracticable cranks" of the People's party, but the most eminent scholars, statesmen, and jurists, have sounded the note of warning. Listen to John J. Ingalls whose ability and orthodoxy no Republican will dispute; speaking from his place in the national senate, he said: "It is useless to deny the fact that we are on the verge of impending revolution," -- the principle cause being -- "a financial system which allows 31,000 out of a population of 63,000,000 to acquire, mostly within twenty years, over one-half of the immense wealth of this great nation while a million Americans citizens are walking the streets and highways seeking work by which to procure food, NEEDS READJUSTMENT," Again he declares: "Society is becoming rapidly stratified into the superfluous rich, and the people who are becoming hopelessly, miserably poor." ...cont'd

http://history.missouristate.edu/wrmiller/Populism/texts/Documents/principles_of_populism.htm

[ShortnFiery]

27. Yes - Our Beloved Country has economically regressed over 100 years. n/t

[AX10]

28. I'm sure that you 401k's, mutual funds, and IRA's also have some

Halliburton stock in them too.

[SoCalDem]

29. Too bad he did not buy ClearChannel & Fox n/t

[derby378]

30. Soros now owns part of the GRAND THEFT AUTO franchise

Now that is totally surreal.

[imax2268]

31. so by this statement...

As he sells oil producers, George Soros buys oil equipment makers, service companies and distributors. The number of companies he owns in this industry has increased from 2 to 6. He bought BJ Services Corp. (BJS), Halliburton Co. (HAL), Schlumberger Ltd. (SLB), Noble Corp. (NE). the weight of this industry in his equity holdings has increased from 0.6% to 3.6% during the third quarter.

he now "owns" Halliburton...?

If so...

Brilliant move...!!! I bet Cheney won't have a job when he's done with the VP thing...!