On February 23, 1999, the Rule Breaker made its annual Foolish Four switch, selling the previous Fool Four stocks that are no longer on the list, and buying the new qualifiers. The Port sold AT&T (NYSE: T), Exxon (NYSE: XON), International Paper (NYSE: IP), and Lucent Technologies (NYSE: LU). It bought Caterpillar (NYSE: CAT), Chevron (NYSE: CHV), Goodyear Tire (NYSE: GT), and some additional DuPont (NYSE: DD) in order to balance the holding. The trade stats follow. Fool on!
Tot. Dollar Amt. Action Ticker Price Shares (incl.$8 commission) Sold XON $68.50 200 $13,692.00 Sold IP 43.13 270 11,635.75 Sold LU 108.18 84 9,079.75 Sold T 86.56 130 11,245.12 Bought CHV $79.13 180 $14,250.50 Bought CAT 46.94 300 14,089.25 Bought DD 53.97 45 2,435.18 (bought to balance) Bought GT 48.69 290 14,127.37
LUCENT TECHNOLOGIES (NYSE: LU) was spun-off from AT&T (NYSE: T) on October 1, 1996. AT&T shareholders received 0.324084 shares of Lucent for each share of AT&T owned -- in the Fool's case, this resulted in a distribution of 42.131 shares of Lucent. The 0.131 fraction will be sold by the Bank of New York, as part of the reorganization.
After performing a number of calculations, we've determined that the Fool's cost basis on these shares is $1999.88, or $47.62 per share. For more details on the spinoff or figuring your cost basis, check out the FoolWires in the listbox below.