GREY:VTRAF - Post by User
Post by
bendergardenon May 06, 2010 2:08pm
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Post# 17070493
Buy levels
Buy levelsI do not know where the bottom is, or how much lower it will go, but we are certainly at "return on investment levels". This is below book value, and cheap enough.
I would at least start a position at these levels, save some powder if it goes lower and add more if that happens.
I got in today at $7.90, to start. I will add more at $7.50, and then $7, if it goes that deep. At sub $7.00, I will cut loose. 5 years from now this will be just money in the bank from here.
If they earn $1.00 per share, 3 years from now in better economic surroundings, at a P/E of 15 , quite reasonable, your $$$ will be doubled.
They have been spending a lot of money, which has held back the earnings, but the other side of the coin is that they are getting really big and powerful, with a large global footprint.
Buy and sleep easy.