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BGC Partners, Inc. Message Board

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  • gswkool gswkool Jul 26, 2012 3:26 PM Flag

    Looking for Some Help Here

    their foray into commercial real estate seems to have helped their results considerably, which was poor on the other side of the equation. To me, bottom line - if you believe a US economic recovery is on the near horizon, then the stock is undervalued. If US economy begins to tank and go into recession, the commercial real estate sector will be a bad place to be, and so with the market. This stock will not be a place to hide in my opinion if things continue to get worse.

    Personally, right or wrong, I've limited my exposure to equities and am hiding in cash, until I see either capitulation or the Euro issues resolved in a concrete way {not holding my breath]. Equities I do hold are mostly biotech and a few other smaller names that will be driven by specific company events that would outweigh other market influences {such as a new drug approval, new product entry on the market, etc..}...good luck to all

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    • gswk

      While I appreciate the reply I need to understand a company, its financials, its prospects, etc. before investing.

      I haven't been able to find a headstart anywhere so I guess I will have to do my own research.

      One thing is for sure -- its 15% less overvalued or more undervalued than it was a week ago.

      • 2 Replies to slcehamrick
      • I agree to some level - however, how many saw Enron's collapse coming? I do my diligence as best I can and diversify my holdings to spread my risks. If I had gotten caught up in trying to understand every last detail on the 8Ks, 10K's...etc of all my holdings I would have missed out on quite a bit of profit.

        This is a relatively high beta stock compared to, say, a KMB or JNJ. I wouldn't consider it a "safety" stock or something to hide in.

        When the market moves, this stock will move same direction to a greater effect {magnitude}.

        For me, for most part, I look at macro picture first then make my stock selection and allocations based on that. Since I'm not exactly a bull right now, I'm keeping away from stocks in general right now, and esp. those that are more volatile like BGCP. I'm willing to sacrifice some potential profit in exchance for some clarity....

        good luck to all...

      • For What it's worth. In the age of the internet I continue to go to my library and pick up an assesment by Value-Line. There is one every quarter on BGCP. They (VL)have no axe to grind. The broker dealer side of the house is complex and took me awhile. Personally, I don't see any real long term problem with the latest earnings statement other than the euro situation.

 
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