Originally Posted by lewdog: The smart people like me bought in near $30. I've got a covered call for August for $37.5. If it doesn't hit I make some money but I am hoping it does so I can get out from this shit.
Apple has loads of money. Not likely.
I bought in on July 23rd for $188 and sold today on a limit order at $205. Not bad for a week's worth of work.
Apple usually has a spike, followed by a pullback after many good earnings reports. I may re-enter in a long position if it dips below $195 again but my always concern with Apple is it's composition share in many mutual funds I already own. When Apple does well, those funds usually benefit from Apple's gain. Not sure I want to add more investment risk for my long-term positions by loading individual stocks on a company that makes up so many other funds.
Don't get cocky, sunfresh.....the market will show you how smart you thought you were but really weren't in a hurry. [Reply]
But getting back to basics, I always like a good value investment. May buy a long position in this shortly.
Talking about General Mills (GIS). Currently $45/share.
It has all the makings of value stock.
* 15 PE ratio
* 4.29% dividend
* trading at bottom of 5 year range. Was over $60/share in 2018
* Profitable by any and all measures. Cash flow is more than enough to handle their debt.
*Acquired Blue Buffalo for entry into the Pet Food business
Nothing exciting here but I think this one should jump back to $55 in no time. [Reply]
Another possible value investment but not without risk is Ford Motor. Recently returned to single digit stock for first time since 2012. It's not been pretty but it could make a decent comeback and the 6% dividend is very nice. But could that dividend be at risk similar to GE? Without a nice dividend, would Ford be worth holding? That's unlikely. I hold a small position of Ford Motor for the long-term and the dividend is the main reason on this one. [Reply]
Originally Posted by lewdog:
But getting back to basics, I always like a good value investment. May buy a long position in this shortly.
Talking about General Mills (GIS). Currently $45/share.
It has all the makings of value stock.
* 15 PE ratio
* 4.29% dividend
* trading at bottom of 5 year range. Was over $60/share in 2018
* Profitable by any and all measures. Cash flow is more than enough to handle their debt.
*Acquired Blue Buffalo for entry into the Pet Food business
Nothing exciting here but I think this one should jump back to $55 in no time.
My wife thought I was a fool for buying GIS a couple of years ago, and she was right. I think I'm down 25 percent or some such proportion. She thinks that their products are all old-school and that new generations of customers aren't interested in them. She may be correct, but I have to think that they've got enough market research to understand consumer directions and shift their product line if that's the case. I'm holding on, hoping for a comeback. [Reply]
Alibaba is getting pounded by this trade war, and unjustly so in my opinion. Could be a good buy in position. I am still long on BABA. Their financials are top notch. "The Amazon on China."
I hold a long term position on BABA and am looking to buy more on this dip.
/I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. Buy at your own risk. [Reply]
Originally Posted by Rain Man:
My wife thought I was a fool for being GIS a couple of years ago, and she was right. I think I'm down 25 percent or some such proportion. She thinks that their products are all old-school and that new generations of customers aren't interested in them. She may be correct, but I have to think that they've got enough market research to understand consumer directions and shift their product line if that's the case. I'm holding on, hoping for a comeback.
It went up 5% in a few days after I wrote this on here.
Yeah, everything he says makes sense, and is part of the same stuff others talk about -- pressure on short term results instead of long term, etc. -- but given the nature of this company they are more vulnerable.
Not sure how he could give current shareholders the right to stay in as owners of a private company. Last I knew if you had X number of shareholders (400 or 500?) you would automatically become a public company and subject to reporting requirements. But maybe those rules have changed, I no longer do '33 and '34 Act stuff. [Reply]