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hhgregg, Inc. Message Board

  • data.wrangler data.wrangler Mar 5, 2013 12:47 AM Flag

    Rising because it has to

    I've been holding this stock for several years now, buying in as it dropped from 18 something to , what 6.75? averaged in at 10.35 to 11.75 depending on which account. Perhaps it is too big a share of my portfolio, but they are a frickin cash machine! debt free, more or less, now up to 5x earnings. My 20 something friend says his parents like to go to the store because they "enjoy the experience" whatever that means.

    I did the same thing with Gamestop several years. in 2009 they were making MONEY when many other companies were loosing money, and their shares just kept dropping, and I kept buying. usually I am a Fool LTBH type guy, but every now and then I see something that doesn't make sense, and I take advantage of it. You could buy now and still realize a 20% gain over the next couple years as the economy turns around, retail improvement in general floats all boats, HGG being one of them. Or, since this will probably drop again before it continues up, watch it and pick some up when some of the government contrived BS drops the entire market temporarily (which means one week to two years) and wait it out. When it gets to 19-20, I intend to sell about half and then sit on the rest till I either retire or something in the market changes my mind.

    Sentiment: Buy

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HGG
7.15-0.01(-0.14%)Aug 29 4:02 PMEDT

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