RE:RE:Good luck to all..wheeloffortune wrote: I can't see a 115 yr old blue chip hit $4 when it's already trading under Book value. It'll get a takeover bid from Warren Buffett like Heinz or some other capital firm long before it gets anywhere near that.
McRambus wrote:
Had to bail my stop got hit, this is about all the downside I could take. Never have I experienced anything so devastating financially as this stock nor have I seen such action on any one of my holdings, ever. From a capital gain to a large capital loss. Down 12 days in a row and still accelarating with no end in sight. This feels like I could wake up and see a price of $4.00. One the positive side, whenever I sell a holding it usually rally. Good luck to whoever is still holding, this company has taught me a very expensive lesson.
One thing I have come to notice in my near 2 decades in the market is that companies that get bought out almost never get bought out when they are struggling and trading at multi-year lows. Buyouts happen at highs and when the company is most attractive and firing on all cylinders. This was $26 couple years back, today it's under $9 almost 70% decline. Tried to hold on as long as I could, the fundamentals aren't that bad to warrant a near 70% drop in value but here we are down 12 days in a row and still no bottom in sight when it's nearest competitor has bottomed and trending higher, something more could be at work here. I hope you do better than me, I've been crushed here.