I also want to take a moment to recommend HPT real estate trust which I have owned since 2000: paid like a champ and it's low now. 15% yield and should doulble within 3 years on top of the yield. I would like to buy more but I got about a dime a month to invest these days and so many things to buy. I will pinch more pennies to buy more stuff if the market stays down.
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<table width="100%" border="0" cellpadding="6" cellspacing="0"> <tbody><tr> <td class="alt2" style="border: 1px inset ;"> Originally Posted by Death Eats a Cracker
Can WM go to $0? Well, I guess it can, but how likely is it?
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Never going to happen. Gov will let some small banks go down but no more big ones since the press will be two much. .
You were saying...
No you claimed this was a stock that wouldn't be allowed to fail. You claimed that this sector was a great one to be buying long term in, when we don't even know who will be left standing. We are 2 innings in to the worst financial disaster to hit this sector, hell the economy as a whole, which was my argument for not trying to call a bottom. Why buy on the way down, wait until we are sure things have turned then scale in. And pointing out you picks are up in the short term given the current climate is like being the tallest midget at the circus. You started this thread with a long term call so I assumed you were continuing in that vein...
Well my top long term financial is KRE as the regional banks look to be in better shape. Citi is no 2. I may get a couple more but at this point I'd rather hop in the big yield Oil stocks on days Oil is down. This storm was bigger than expected. Who would have imagined that all these smart companies went overboard in mortgage debt. Diversity works for the mega companies too. Aig was the big surprise to me. I was wrong about how bad it is and the Governments role.
Desrat, you were spot on about C.
C now is below $4 well over a year after this thread began.
May this thread become a great lesson of buying beaten up stocks thinking a high yield will be maintained during various crises.
Some return to glory and some dont.
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C now is below $4 well over a year after this thread began.
May this thread become a great lesson of buying beaten up stocks thinking a high yield will be maintained during various crises.
Some return to glory and some dont.
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