A big catalyst today will be the humongous quarter Apple announced at close yesterday. Timing is GREAT and we should see good followthrough today to a good move yesterday!
C2R, we managed a small gain yesterday on a big beat. Hopefully the recognition continues today and the stock gets its proper due. I've said this often, the Strong Buy by analysts, the divvy raising and the buy backs have not made a significant difference to the pps of this stock as it would have to other companies. At this juncture this stock should move steadily up to the 30's over the next few months, time will tell. As you know, I am not a seller. Good Luck to all longs, pay day is here.
Sentiment: Strong Buy
There's a couple of leftylosers that usually post here, they'll show up... Amazing how ignorant the public has gotten.
Thank both of you for telling it like it is, and not the garbage fed to the country. I'm surprised there are not a load of raving leftist/socialist/Marxist/radicals spewing their poison in response to your posts.
O has done severe and I believe irreparable damage to this country. Treason and impeachment is a fraction of what he deserves.
Ifion, very well put, on what a more on we have running the country. He should be tried for treason and spend some time in prison..
In many cases, I will look for sectors that are beaten down. Oil companies and some suppliers seem to qualify. Obviously, a lot of the price drop is due to oil prices declining. The general question for me is what will oil prices be five years from now and will my investment be able to weather the storm. I am also interested in a higher dividend with a company that has a low payout ratio. A nice low PE, good PB etc would also be a nice benefit.
As far as selling GLW, I don't have to; I do have some money sitting on the sidelines. But, it is a consideration. For me, GLW has more than doubled. I checked my (averaged in) holding time and it has been about 2.75 years. This puts me at about a 37% annualized return plus dividends. GLW was pretty beaten down when I bought it (I thought it was worth closer to $25/share). Now, I can't help but wonder if oil companies are going through the same malaise.
Oh well, my decision making process on buying/selling stocks is slow. It will take me some time to decide what I want to do. I will need to look through and really dig into whatever company I invest in.
Thank you for your comments which are right on the money. Looks like there are still people out there that understand economics 101. The head dumocrap in the White House isn't done robbing peter to pay paul. He's about to rob from peter to pay for paul's children to go to college on top of free health care, rent and heat assistance, tax credits and free cell phone.
Supplemental Nutrition Assistance Program (Food Stamps or SNAP)
National School Lunch Program’s Free Lunch Program
Supplemental Security Income (SSI)
Federal Public Housing Assistance (Section 8)
Low-Income Home Energy Assistance Program (LIHEAP)
Temporary Assistance to Needy Families (TANF)
Bureau of Indian Affairs General Assistance
Tribally-Administered Temporary Assistance for Needy Families (TTANF)
Food Distribution Program on Indian Reservations (FDPIR)
Lifeline Eligibility (free cell phone service)
Then of course there's obumbles care which is nothing short of taxation in the form of outrageously high premiums and high deductibles on those who have a job and actually work to pay for subsidized medical coverage for those who don't. You can call it anything you want, but that's the long and short of it. I'm single and self employed and my premiums are in excess of $600 a month for $5000 deductible and 80/20 coverage. So before I get one red cent of coverage, I spend $12,500 a year and then I'm still stuck paying 20% of the medical bill....and according to the "affordable care act" they call that insurance.
January 2017 can't come soon enough when obumbles and his manbeast wife hit the curb and vacate the White House. This administration has taken away all incentives for a lot of people to go to work. Why work when you can collect all of the above if you chose not to work. National disgrace and drain on economy.
One of my holdings is COP.They have a low PE and pay a nice dividend (about 3%) I am probably at breakeven price wise but but the income is nice!
I haven't been in as long as you guys have nor do I have the same number of shares (averaged in at $12.21). Still, I really like the company and am thrilled that their earnings report looks positive with a nice outlook. Have been considering selling this position in favor of oil stocks (XOM or something like that). Still, I have really liked this investment.
Like all plans we hope they work. The strength of the company and its product lines should bode well for many years and I do see the divvy going to 1.00 in tops 2-years. I do remember when Corning almost hit 30, the high was 29.67 if I recall properly. It will be there soon - 6-months, my guess.
Sentiment: Strong Buy
Thanks. I have about 2/3 of the shares that you do. I am in no rush to sell but it overweight's my portfolio.I had planned to sell around when it hit $30 in 2006 but it never got there so here I am 9 years later hoping for the same thing. I used up all my tax loss's over the last few year except for $20K. A divvy of a buck a share would do wonders for my spirits!I don't intend to sell it all but to put things in a more balanced investment strategy.GLW is my largest holding!
You have a very good plan and it will set you for life.
Good luck to you buddy.
My plan on selling if I were you would not start until Corning is at least $30. In my case, I have a large tax carry forward from years ago which will serve me well in the future. I'm holding over 64k shares and in no particular rush to sell. Remember, they will increase the divvy again this year and once it hits a 1.00 in a couple of years that will provide me with a nice annual income along with the growth of the stock.
Sentiment: Strong Buy