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Novation Companies, Inc. Message Board

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  • ppittman2 ppittman2 Aug 11, 2004 1:17 PM Flag

    Mindless enthusiasum

    We were at $24 a year ago (pre-split), so we are up 58%, not including the dividend. How many stocks do you know in THAT class?

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    • We were at $24 a year ago (pre-split), so we are up 58%, not including the dividend. How many stocks do you know in THAT class? >>

      Not many. Imh has done well (and I always mean fundamentally, as in the company is doing well, not (necessarilly) the stock price. I know the stock price is important to many investors, and I admit it has a psychological effect on me, too...as I wonder why it should be so unless I'm thinking of selling...which certainly won't be until the TE starts to decline...maybe 7 years out? maybe never? Mr. Howard Hill, in my opinion (someone correct me if I'm wrong ---cause here's where we differ from the bashers--we WANT to be corrected when wrong.) is very conservative in projecting earnings growth out only 6 quarters (that doesn't mean he believes growth will level off or decrease (sorry Mr. Hill for placing myself in a situation where I'm putting words in your mouth---feel free to tell me to get out of town), just that he's not projecting any further out at all, because the numbers get fuzzy. I was glad to see he revised his own current year TE estimates up by fifty cents or so... Make a spreadsheet. Track your gains. Track your dividend growth rate change day to day, week to week. It'll make your concern about pps negligable. There will come the day where we will miss the days of opportunity to be able to buy at these prices. Mark my words.

      • 1 Reply to minorey1
      • There will come the day where we will miss the days of opportunity to be able to buy at these prices. Mark my words. >

        Amen... one big institution stepping in could put this stock trading at a much higher level. There are not a lot of institutions holding this stock so the ones that have it are true believers..not likely to dump it.. And they may never feel the need to dump it. It is as much a cash cow to them as it is to us.

 
NOVC.PK
0.312-0.001(-0.32%)Oct 30 2:13 PMEDT

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