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HYMTF as an ADR.
Not sure I like to buy ADR because currency fluctuations as I understand it, can hurt your ADR investment, even if the company is doing well.
No need to pick one over the other. Hyundai doesn't share Ford's situation... coming back from a beaten-up position, without a bailout, then out-shining the other domestic makers, and ultimately topping it all off with terrific product line and decent financials.
Hyundai is a good choice... you already know my ultra positive perspective on the company from my posts in the other forum.
I'd consider adding Hyundai to the portfolio if it's available... but for now, I'm definitely sticking with Ford for the long run.
TM
There has been a lot of interesting stuff around here since last time I visited the place. I've had a good reading during the last couple of hours
You possibly may remember I left with my family for our Easter skiing holiday on the first day of April. But as a result of my early falling down on a slope covered with wet snow I've got an unstable, double pelvic girdle fracture that has kept me on hospital since April, 3. First in France, then eventually repatriated to Spain to have surgery eight days ago. (All of it at the expenses of the European Social Security—my ironic apologies to all who doesn't appreciate it as it full deserves; it has to be said as well that it was no free gift: I have paid all my working life for it, with taxes and monthly fees.)
Back home as for today afternoon. Glad that no internal organ was damaged. The surgery has been successful and healing. No pain. Only that I have to be on bed or chair for the six next weeks without possibility of walking even with help. And then, physical rehab.
During these days at hospital I did not read newspapers or was connected to the web. But, after the first days of confusion, I've been through a very good book that I can recommend to those interested in its matters: Isaacson's Einstein: His Life and Universe (2007) Amazon ref.
In addition, I have had time to reflect on the good things of life. And the pals in these forums fill in a part of these. Me too miss Dewey.
My best regards,
Jose
I read "Atlas Shrugged" when I was a teenager but didn't really appreciate it then. I recently read it again, and it is amazing how appropriate it is for today's world. If you have not read this classic I would highly recommend it while you are recovering.
I understand that a movie is being made (Angelina Jolie playing Dagny Taggart) and it will be very interesting to see how Hollywood handles this one.
I am sure that you will be dancing in no time.
2013 LX 570 2016 LS 460
My wife's latest x-ray was looking ok yesterday. Going on 14 months from her skiing tib-fib; still healing but she's mobile again.
(I found Atlas to be fun when you're a teen, but it didn't hold up all that well in later years. Book Talk - What are you reading?)
I have to be on bed or chair for the six next weeks without possibility of walking even with help. And then, physical rehab.
Ouch! That is absolutely horrible. Fortunately, you are in good physical condition, and that should help you recover quickly. Also you are fortunate to have a great wife that will be very supportive.
I wish you the best Jose!
TM
Wondering where you have been, and now I`m sorry to hear where....I don`t know what a double fracture (girdle) is, but it sounds bad, and to be laid up for so long is tedious at best.....Sorry....How did you get such an injury? other than skiing? Run into something, or fall in a strange manner? There is a long series of books by a man named Terry Goodkind, the first named The Sword of Truth....They are different but I have found them to be interesting in a fantasy kind of way....Not serious reading, but entertaining at least for me.....No question you will have time to try one out
Wow! It appears you have gone through a lot of suffering the past several weeks. I am very happy to hear that you are well on your way to full recovery after the accident. Now I know why I never got excited about learning how to ski
Len,
Buying apple at about $190 was oner of the best decisions I made this year so far. It has been awesome. Could it each $350?
Chalie -- nature exploded here. My forrest trees leafed out about 3 eeks early. My crabapple has already lost a lot of flowers. Usually it doesn't even bloom until around May 5th. This year it bloomed in the first week of April. Everything is 2-4 weeks ahead of time.
Yes, this has been such a wonderful spring following a very snowy winter there and also here in central IA as well. Following a warm March, April has been record or near record breaking warm here and for much of the nation. What an incredible contrast we have had compared to the past couple springs. I love it. Corn planting here in the Cornbelt is running at a record fast pace. We are finally going to get a big rain event here in the Midwest the next several days. It has been rather dry.
You know how much I respect your opinion. I do think that there could be a pause or even a setback in the market in the coming days or next few weeks, but I do not think it will be that big of a deal. Having said this, I am going to take a look at my stocks tomorrow and perhaps take some profits on a few. It would be interesting to get Len's perspective.
I should have gotten out of Amazon today ahead of the earnings report. However, I think I will be OK. They are making a big deal out of the Kindle. The company is in excellent shape overall. It is probably a good buy at around $135.
Actually, I really like Amazon, and own a fair amount. I am ahead on the stock by a decent margin, so considering the recent dip I am buying more... and I have just done so.
I have also added some stocks related to the housing industry, because of the terrific news regarding housing starts.
In addition, I have purchased more in the telecom sector, which I think is lagging and has great global upside.
Other than that, I really like the terrific balance of my latest portfolio and am not going to change it at this point..
TM
Great minds think alike
Last night I thought I would be taking some profits today on a few of my stocks, but I decided not do so this morning after I saw how the market is acting.
Don't know.
However, he made up for that when he bought Citigroup at the low.
Speaking of which, I have bought and sold and bought and sold and bought again a whole lot of Citi in the past, but at one point I had so much Citi that I cut my Citi shares down in order to rebalance my portfolio. You probably remember that point in time when I was unsure of the market for a short while and them got back in with a more balanced portfolio.
Anyway, if I had kept those original Citi shares I sold, I'd have an extra six-digit gain (on paper) just from the Citi shares! Fortunately, I still own a whole lot of Citi, and bought other great stocks as wlell when I got back in... so I'm not complaining... but it bugs me that I let that get away when I had it in the bag. Oh well... that's an inherent part of the game.
TM
There were only 2 stocks I bought during the severe downturn. Apple in the low 90's and citi at a buck. I'm holding 7,000 shares of Citi at a net investment of a grand. Bought 10,000 at 1 and sold 3,000 at 3. I see Citi reaching the teens. My feeling with Citi is just hold it for a long long time and it'll be another Dell if you got in on the botrtom of that. I think Apple is good for $300. After that it reaches the point of competing too much with undervalued growth investments. But sky is the limit for that company. IMO that's the best run company around. I d'onrt buy into the Google nonsense. They've failed on almost everything outside of search and were it not for bad management at yahoo, Google may have never got started.
Tag - I'm with you on a sideways motion, I just think it happens 500 points from here when investors start worrying about rate hikes. Of course a lack of trust in banks over bigger revelations in the Goldman scandal could make it happen earlier.
BTW - bank lending may be opening up. We secured a $12mln term loan this week at a real good interest rate, much lower than our existing debt. We had made a $15mln acquisition during the downturn at a great multiple, but debt was closing up, so we went with a capital lender and we simply said we'd repay it as soon as we got past the penalty period and credit loosened up, which we anticipated would be at the same time. That rate was at 10% (libor + 7 with a floor of 3) which turned out to be not bad at all given the climate that developed right afterward. Now however we put feelers out to 5 banks and 3 made us offers. Oddly the bank that we have checking with, and the bank that can actually do the ultimate due dilligence, just by looking at our cash position on a daily basis for years and years was one that said no. So today I told our branch manager I needed to run reports to transfer activity to the new lending bank and the guy went speechless on me.We are by far his biggest account. Thirty minutes later I got a call from the comercial lending division and I told them they turned us down so why now the fire. He said the usual - "we are changing our philosophy" so i said if he could get a deal done in 5 days and it was better than what I had, I'd think about it. But in all honesty I am very loyal to folks that take a risk on you and so I accepted the first offer I got. All the offers were about the same.
No matter what, I'll always be the most invested in what I do for a living. BTW - definite large pick up in the advertising sector.
All my best for your return to good health. If you want a good book to read try the bin Laden's. If the Einstein book was pleasing you may find Hawkings " A brief history of time" books very interesting. They are deep but Hawking makes cosmology an easy read. I also found Dan Brown's "the Lost Symbol" a great read.
You have done well , and as for the banking I agree with you...change to the one that wants your business.....In our company,although I don`t participate in the banking relationships any more, we had a lead bank and then many others that we also did business with.....Personally, no matter how much you like one bank, I suggest you always keep it competitive. it seems loyalties are forgotten in a moment by the banks....Not by you..:) Tony ps I reduced my bond holding etf..only because I had way too much of it....Nice to be doing that at the recovery high vs on a pullback......I usually do stuff like that on the pullback
No guarantees of any kind... but... I want to share this with you.
I see a large dip happening with Citigroup today... likely due to the government selling back some of its shares, and this strikes me as a buying opportunity for Citi.
Take a good look at a three-year chart on Citi. Read about the changes that have been made internally. This company is now getting healthier than it has been in a long while.
They seem to be doing all the right things, and doing them with proper business ethics. I really like this company now more than ever and will buy at every possible opportunity.
As I've posted previously, I already own a significant amount of Citigroup shares... but let me share with you exactly what I am going to do moving forward... I am going to purchase 5,000 shares at every significant dip, and carefully build up my investment in Citigroup, and hold it for a very long while.
I view this stock as an opportunity of a lifetime... and something to leave to my kids one day. I pray I am right on this one, and I believe I am going about this correctly, and in a manner that will get me the results I am after.
I have just purchased 5,000 shares of Citi.
I hope those of you that agree with me here join in and continue to purchase some Citigroup shares, regardless of how many.
Best to all,
TM
Is this a good income producing stock or suited to being an aggressive growth with long term appreciation?
I'm also going to add to Citi, especially on any dip from now on. Plus I see GS investors coming into Citi and exiting GS, possibly in droves. I'd stay as far away from GS as possible. That thing is going to crash and the lawsuits against the firm and Blankfein personally have now commenced. Stock down to 151 today. Had they made their last reported income cleanly the stock would be 180-200 today. Most folks no longer trust them and they are really hated on Wall street too.
2013 LX 570 2016 LS 460
There is no perfect way to calculate or accurately predict the effect of the government's action, so I am buying 5,000 shares at significant dips, starting today. I purchased AFTER the government's announcement... when the stock declined to near it's low of the day. Will it go lower? Maybe it will... but this approach will then average out my overall share costs at the dips... and I will then hold all the shares for a considerable time. This stock has huge upside potential, IMHO. And everything I have read confirms this. If you wait, you might miss some upside. So, I have decided to dollar-cost-average my purchases which I intend to make at significant dips. If there is a shortage of significant dips, I will purchase shares at timed intervals, or in the event of positive news, I will try to make a quick purchase before the news is completely factored into the share price.
There is no precise way to approach this, and there doesn't need to be, because ultimately, in the long run, Citigroup shares seem poised to be much, much higher than they are today.
TM
Good move. I anticipate that years from now, we are going to be very, very glad. I hadn't considered your perspective of GS investors coming into Citi in droves... interesting and insightful... that would be terrific.
TM
I have just purchased 5,000 shares of Citi.
I hope those of you that agree with me here join in and continue to purchase some Citigroup shares, regardless of how many.
Tag and Len,
You did it to me again
As you know, I am quite bullish on the market in general for the long haul.
Good move, IMO, but expect a very bumpy ride.
Also, realize that Citi isn't likely to become a premier bank anytime soon, but its business should improve enough to warrant an increase in its share value.
But... FORD, on the other hand, IS and WILL be our premier domestic auto company, and has gotten hit too way too hard today, even with its good news. I just purchased another $15K in Ford stock, and I am as optimistic about this stock as much, or even more, than Citi... for the primary reason I just stated.
TM
HA! Yeah... you got it at a much better price than I did. Good job. Looks like we might need to hold on for a wild ride.
I'm not buying more Citi on today's dip... it's too soon. I want to see where this is going. I did, however, take advantage of the drop in Ford.
Regardless, nasty day for stocks so far.
TM
I must be the bad luck charm :mad: . The market has tanked the past hour and a half on news that the debt of Greece and Portugal was downgraded. I am SO sick of hearing about the Greek debt each and every day. One day, it looks promising, the next day it looks bad, so forth and so on. Bail them out and get it over with. I don't think this changes anything on the longer term bull market. Here is the AP story:
NEW YORK (AP) -- U.S. stocks followed European markets sharply lower Tuesday
after Standard & Poor's downgraded the debt of Portugal and Greece. The rating
agency's move intensified investors' fears that Europe's debt problems are
spreading.
The Dow Jones industrial average fell more than 150 points. All the major
market indexes were down more than 1 percent.
Ditto.
I don't think this changes anything on the longer term bull market.
Agree.
Bull market? Hmmm... And to think that I've been under the impression that this is a bear market rally. HA, just kidding... a rally is a rally... Does it really matter what kind?
Houdini could be right about Citi. But, as Len and I posted, it is suicide to try to time it perfectly. Let's keep our eye on the long-term. Hopefully, down the road, we'll all be very glad we bought Citi when we did.
BTW, go buy some Ford.
TM
Your wish is my command, sir! I just bought 300 shares of Ford at $13.74. I suppose the market will now make new lows :sick: .
Man, can I call them or what :sick: ? Cheer up! Tomorrow and Friday will be better days. There! That's a positive prediction.
You crack me up.
I know you aren't worried, or you wouldn't have made the purchases.
You, of all people, are one of the steadiest investors around.
I remember when I was having market jitters, you were solid as a rock the whole time!!... and you were absolutely right in the long run.
We just need to wait it out. For crying out loud, Ford just announced a jump in profits... and the stock goes down because of Greece? That's BS... gimmee a break.
The market will go back up in due time. But, you already know that, oh wise one!
You have an uncanny ability to see the big picture, and not get caught up in the moment.
TM
If true, in order to cover for himself, it would be interesting to note if your trade confirmation indicates your purchase as "unsolicited"... meaning that he documented that the trade was made due to your request, rather than by his recommendation.
Either way... welcome to the Citi club. If we all lose money on this, there goes my credibility down the drain (and Len's, too). Oh well, at least we'd have Ford stock to help us out (maybe).
TM
I think you to be the person that I have alot of confidence in, but if anything were to backfire,I`l take the blame for me.....You have shot straight, and further I think you would be a good advisor in this business----One I was in many years ago---In my time we were straight shooters with integrity....I think `gains` to be subjective , but being right is what counts...You have been right, and as you said the downside is really small, although the timing may leave something to be desired for me....
I didn`t know about the Smith Barney agreement, but that makes sense.....I would imagine GS would have gotten this peace of business, but with the government owning so much of C and the law suite against GS-----this may be the beginning of massive changes....and we need them
Tag,
I didn't realize I had credibility in the first place. But regarding the house - it's actually going to be featured in this months edition of Living in Colts Neck.The mag wants our interior designer to be featured and she asked us if we'd have our house featured. The mag owner fell in love with our yard so I gave her a disc of pool/yard shots as they did the photo shoot in early April when the cover was on and the woods were largely lifeless. I d'ont know if they will add the yard to the story or not. Anyway here's a shot of my favorite area of the yard, the raised patio that overlooks the pool.
http://tinypic.com/view.php?pic=23rpw08&s=5
The mag is right... it's picture perfect.
TM
Then I think it's going to double over 2 years. They diluted the shares quite a bit so if it gets back to $25 a share in the latter half of the decade, which would be comparable to the $50 price they hovered around for years until the crash. There's some cash in my SEP I need to play with so .... $4.36 looks good enough to ride down until it turns for good.
I also read that Citi wants to buy back a bunch of shares while they are still "cheap" and if they have the cash to do so, that could offset the feds selling their position.
What surprised me yesterday was that GS went up, even though a small gain. They are up even more this morning. Go figure.
2013 LX 570 2016 LS 460
I look at it this way...
I have purchased Citi for quite a while, and have many shares at very low prices. Adding more shares at these levels isn't a problem at all, because my average cost is significantly lower than the current share price. I am already well ahead on Citi, and I expect to be further ahead over time. That said, I still believe that anyone that buys Citi under $5/share will be very, very glad in the years to come.
What surprised me yesterday was that GS went up, even though a small gain. They are up even more this morning. Go figure.
That is very revealing of the mind-set of Wall Street. Sometimes I swear there is some form of crazy mental illness there.
TM
Ford has been down around 4% today, so I purchased more.
Also, Amazon is part of my portfolio and think it's worth a good look if you can buy it on dips.
TM
Funny, the pool/patio looks fully warmed up from the pix you took with the 2 foot of snow a few months back!
Regards,
OW