I planned to scan the Scientific Atlanta 401k only to find they had been bought by CISCO in 2005. I went ahead and looked at the Funds in the 2005 401k with more than 5% of the plan which included company stock. The stock was selling at 33 on 12/31/2004 per the 11-k filing and CISCO paid 43 in cash for the company stock. Unlike recent events with company stock in almost every company down sharply, here was a case where the Employee's 401k portfolios benefited from their company stock holdings. I liked that. The FMIP2 symbol stands for the Fidelity Managed Income Portfolio II which is not traded on a public exchange.My interest is in scanning 401k portfolios to image the efficient frontier and highlite portfolios that have high risk adjusted returns. The portfolio with highest Sharpe ratio will appear in the scan image for each 401k plan posted.
Tuesday, December 9, 2008
Scientific Atlanta 401k Before 2005 CISCO Buyout
I planned to scan the Scientific Atlanta 401k only to find they had been bought by CISCO in 2005. I went ahead and looked at the Funds in the 2005 401k with more than 5% of the plan which included company stock. The stock was selling at 33 on 12/31/2004 per the 11-k filing and CISCO paid 43 in cash for the company stock. Unlike recent events with company stock in almost every company down sharply, here was a case where the Employee's 401k portfolios benefited from their company stock holdings. I liked that. The FMIP2 symbol stands for the Fidelity Managed Income Portfolio II which is not traded on a public exchange.
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