AGM, ie Farmer Mac. 10 million share float, 10 Billion dollar loan portfolio. I got in the day before 1st quarter earnings and doubled my money overnight. Back in bigger this time. Check out the message board. We are so bullish it is scary.
Still have 2K shares here. Protected them w/ a covered call during the quarter and lowered my cost basis another .60. Looking for a nice pop on earnings.
I haven't followed PCX since I sold. It seemed undervalued up to $5/share at the time. I'm not sure at this point, without researching it more. I see it's back up around $8/share. I remember at the time that some on their board felt it was worth $15-20. But, what stock out there isn't worth 2 to 3 times more without a recession?
"But, what stock out there isn't worth 2 to 3 times more without a recession?"
Good point OSG. With a $2 price and an $8.612 book I'm starting to think that CNO is "the last of the mohicans". A real company that is profitable and yet is still significantly undervalued.
LVS has been a big winner for those who invested in it. But how much more do you think it has left in it before we are out of the recession?
It almost seems like CNO is the last potential big mover left.