On Market rise, we sell Sunoco Logistics

In today's news...it's good to see the market rally. We sold Sunoco Logistics last week, realizing a gain of all things! Wanted to increase cash position and because it is a partnership, the tax accounting for it is not simple. Simple is good.

Market Tanks further, IHNOW buys Crown Holdings

In last week's news... the market tanks further and IHNOW buys Crown Holdings, CCK, based in Phildelphia.

"Crown Holdings, Inc. is engaged in the design, manufacture and sale of packaging products for consumer goods. The Company’s primary products include steel and aluminum cans for food, beverage, household and other consumer products, and metal caps and closures. These products are manufactured in the Company’s plants both within and outside the United States, and are sold through the Company’s sales organization to the soft drink, food, citrus, brewing, household products, personal care and various other industries" from google finance

The IHNOW portfolio has taken a hit in the tumbling stock market but is diversified in mostly strong companies with an anchor or significant relation to the Philly region; and we have confidence, albeit less solid than we would like, that these companies' true higher values will be recognized once the economy turns around

Market Tanks; IHNOW Acquires Urban Outfitters

In today's news...we buy Urban Outfitters, the lifestyle clothes retailer, its roots and headquarters in Philly, showing steady stock price rise and today, with the market tanking, taking a 3% hit itself.

IHNOW Buys GlaxoSmithKline

In today's news...IHNOW purchases GlaxoSmithKline, the pharmaceutical and health care products manufacturer and marketer. Company is trading about $44 per share, near the low of its $40 to $54 52 week range. Employs many in the Philadelphia area.

IHNOW trades today!

In today's news we ...

• sold 1/2 of or holdings in Rohm and Haas because 1) news of its acquisition by DOW shot its price up so its value was over 7% of the portfolio's value, much above the maximum 5% target and, since it is about to be multinational DOW, its regional character will be substantially diluted
• sold Toronto Dominion (very diminished regional ties since its acquisition of Commerce Bank)
• bought Endo Pharm, specializing in pain management, based in Chadds Ford and selling near the low of its 52 week range
• bought Sunoco Logistics, Philly -based transporter of refined products also trading near the low of its 52 week range

In other news, value of US Airways has just about been washed out but the airline is still a big player in Philly- what can localites do to boost its value? Penn Real Estate and Sunoco have also tanked but still match portfolio investment profile....