stocks, reits and at&t

ATN_Pilot said:
I've got shares I purchased 15 years ago that I check the price on maybe once or twice a year. Slow and steady wins the race. ;)
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Eh, 90% I keep in ETFs. 10% I trade on risky stuff. That generally does twice as good as the market, and is twice as risky. I can live with that, and it makes me feel like I am doing something pushing buttons
 
Some of you said you never learn when you make money, and I should have sold at $75 profit. Had I taken that advice, I would have been really pissed watching the stock rise up to the neighborhood of $33.75. It's been as high as $33.78 today, actually.
 
Here's the deal: people telling you to sell just because the price went up are wrong. That's never a reason to sell. The only time you should sell a stock is if the share price has reached its intrinsic value. But here's the rest of the problem: you bought a stock without knowing its intrinsic value. Sounds like you bought it just because you kinda liked it. That's why you don't know whether you should sell or not. If you had calculated its intrinsic value, you would know whether it's time to sell or not.

So the people above were wrong about why to sell, but they weren't wrong that you should sell. You should, because the fundamentals don't support the current stock price and it's going to come tumbling down. May happen tomorrow, may happen a month from now, but it's going to happen, and you don't know when. Using the most recent data, this company has no free cash flow. None. Zilch. Nada. In fact, it's got negative free cash flow. In fact, even EPS, which is easier for management to make look rosy, are basically at 0 right now, and have been negative for most of the previous decade. They're also carrying a lot of debt. Without spending a lot of time doing a detailed DCF analysis, I'd estimate that the intrinsic value of this stock is in the mid-teens. Maybe $20 if being generous.

If you absolutely must invest in this sector, then China Singyes Solar is where I'd put my money. Shares are selling for $1.39, and I'd say they're probably worth at least double that, possibly triple. They're also paying a dividend.

Disclaimer: Nothing contained in this post or any other post should be considered investment advice. I'm not licensed to give such, and everything posted here should be construed only as a personal opinion of how I conduct my own investing, not advice on how you should conduct yours.
 
gotWXdagain said:
Some of you said you never learn when you make money, and I should have sold at $75 profit. Had I taken that advice, I would have been really pissed watching the stock rise up to the neighborhood of $33.75. It's been as high as $33.78 today, actually.
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The whole market has pretty much been up, so you could say the same thing about any stock throwing darts at a list of them.

I agree with @ATN_Pilot, unless you can articulate a good reason to be buying something at a price, and why it has an upside, sell it and own the broader market. Easy to be happy in hindsight, but it could just as easily have moved the other way.
 
drunkenbeagle said:
The whole market has pretty much been up, so you could say the same thing about any stock throwing darts at a list of them.

I agree with @ATN_Pilot, unless you can articulate a good reason to be buying something at a price, and why it has an upside, sell it and own the broader market. Easy to be happy in hindsight, but it could just as easily have moved the other way.
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That's very true. At the moment, I actually can think of a few reasons to buy the stock I own, that outweigh the reasons I can think of to sell it.
 
ATN_Pilot said:
Disclaimer: Nothing contained in this post or any other post should be considered investment advice. I'm not licensed to give such, and everything posted here should be construed only as a personal opinion of how I conduct my own investing, not advice on how you should conduct yours.
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When I was running my fund I felt like I had to say this after every conversation I had, including casual conversation.
 
fly22 said:
When I was running my fund I felt like I had to say this after every conversation I had, including casual conversation.
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I got in the habit because the ALPA attorneys were always worried that anything a union rep said about investing might be construed as union advice. :rolleyes:
 
fly22 said:
When I was running my fund I felt like I had to say this after every conversation I had, including casual conversation.
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Running a fund is one of my not-going-to-happen dreams. A bit more work than flying a King Air though.
 
Cessnaflyer said:
Running a fund is one of my not-going-to-happen dreams. A bit more work than flying a King Air though.
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By the time I realized what I was into I was past the point of no return. I wasn't ignorant but grossly underestimated many things.

Glad I did it but even more satisfied knowing I'm only trading my own money now.
 
I bought some RAI stock a couple of weeks ago. They pay pretty good dividends and I figure that even though tobacco use is down in the US, it is growing worldwide. They are trying to purchase the #3 tobacco company in the US.
 
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