RE:RE:SALE OF 407Ronbromleygross wrote: I agree Sailor
It is too cheap to pass up. Bought another 1,000 shares today with limit price of $16. This now brings my average cost down to about $24/ share. Looking to accumulate up to 10,000 shares prior to the run up and rebound on price.
if the stock is cheap enough for Gabriel to have bought 10,000 shares last week or so at $15.90 then I feel good about buying here too. Have other buy orders with limit prices lower than $16 already placed. Gabriel seems to be very knowledgeable about SNC. I trust his analysis and honesty.
I envy Gabriel who mentioned on a few of his posts he had 100,000 shares plus the 10,000 shares he bought last week. I figure an easy double from the current $16 price is a given. Gabriel will do very well here and can easily make this his retirement fund on the 1 stock alone. As the investing greats always say, “you only have to be right once”.
I should do very well when the company starts selling divisions, or they go private or they sell the entire company outright.
it I’d just a matter of time. Not if but when
I have been through far worst before and as long as you dont sell you dont lose, unless its a value trap or dead-money. True it's a pounding table buy, I'm also eye-balling rate-reset preferred shares as they got heavily pummelled as well. I've put my toe in the water with Fluor and I'm up 3%. I'm willing to throw a few more dollar at SNC and once my average is at 24$ I will call it a day and forget about it. I wouldnt call it a value trap as they will be heavily deleveraged and I think they'll get their BBB rating back before their bonds are up in 2020. Im ready to sit that one for a year or two for a reversal.