Post by
flamingogold on May 10, 2023 11:52am
When someone says it's going to zero...
That's when I buy. Excluding pure speculative penny stocks, as a contrarian investor I get intrigued iwhen I read a stock is going to zero.
During covid, restaurants were going to zero remember because no one would dine out again as everyone was doing take out and eating in more. Today, my resto stocks lead the way with the biggest capital gain and an average 20% tax eifficent distribution. Thank you doomers.
I also bought several health care stocks... HHL, EXE, CSH and SIA. Nursing homes were hardest hit during covid as many were pulling their loved ones out of homes while the daily media reported on the crises. Today, all my health care equities are green and earning a combined 8% tax efficient income. I expect that to only increase as the demand for nursing homes grows with over 10,000 people retiring daily and average wait times rising.
Next up... travel and leisure. I currently own CHR and HOT, the former I am mostly flat on and the latter about 15% in the red. While consumer demand has almost come back to pre-pandemic levels, investors for the most part have not. But, like the above two sectors, this will change too.
Finally, we come to TNT, INO and MRT and commerical office reits. This is the biggest laggard and I continue to buy on extreme dips. With distributions I am positive with MRT. With TNT my buying basket has only started and with INO it's at 50%. I revel in the doomsday talk again and continue to fill the basket with more cheapies so that in another 2-3 years when everyone is back to 4 days/week I will be happily green while the doomsdayers are green with envy.
Comment by
SIGG1 on May 10, 2023 12:45pm
I agree. I started to buy too. Thanks Flamingo!
Comment by
flamingogold on May 10, 2023 1:58pm
You still have zero credibility.
Comment by
SIGG1 on May 10, 2023 3:27pm
Maybe but this stock is still a dog