RE:Finally a Management that gets it - and they doI bet this Q they buy back another 10M shares.
3 FED Gov's(2 voting this year) were sent out today to talk down the potential for any more rate hikes in 2019. US Dollar Index chart shows a classic head+shoulder formation on the monthly chart. Enough investords watch technicals is the only reason this bunk must be tracked. WTI is nearning $52 despite a pretty awful weekly petro report. The weaker dollar has an enourmous impact on crude/commodity prices.
I'm adding small amounts each week and will continue doing so until I reach my avg. cost. Fundamentally, technicaly...TCW is a screaming buy.
igstar wrote: Every serious analyst has their target for TCW at $3.00+.
Comany was buying back shares just months ago at $3.00 and $2.00
Buying shares at these prices is barely a rounding error for the company
More shares they can buy, the better