Post by
bendergarden on May 06, 2010 2:08pm
Buy levels
I 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.
Comment by
yana8 on May 11, 2010 10:47am
Showing some strength today for a change...
Comment by
yana8 on May 20, 2010 11:28am
I just bought more around $7.41, I'm quite certain it will be quite a bit higher a year from now. Oversold and keeps falling for now.
Comment by
swpb on May 20, 2010 9:57pm
you might have gotten a buy. I too was considering but I have done this in the past with this stock and only learned to regret it. It does not seem to have a bottom. Mayo is buying and borrowing and the profits are not growing. I have quite a few of this pos and wish I had sold in november when it peaked. I don't think these guys are interest in the shareholders.
Comment by
norris07 on May 27, 2010 8:54am
Ive been trapped here a couple of times also.I keep on getting drawn in by the -people gotta eat- scenario.The debt seems to get a good reception,the book value is about 9.50,but if it doesnt make 10cents this quarter down we go again.still 20 something shorts on if they come of should help other wise BOOM Seeya byron