The company is minting cash every quarter, is going to make boatloads and boatloads, quarter after quarter for the foreseeable future, and some analyst is getting their pants wet that PM might miss their numbers by 2 cents because of market conditions and currency exchange rates.
Let me just make sure I have this correct, PM is minting cash, handing out tons of cash as dividends, was buying back and will continue to buyback stock, has no problem with the capital markets or its liquidity position, etc....
this in constrast to some of the most well know companies out there who have destroyed and poisoned their businesses by taking on to much financial risk, let alone just being a financial company outright..
So again, what is the panic in PM about? Oh thats right, its called Wall Street games and the games analysts play to talk down stocks so they can buy in before they end up grading the stock in the future.
Again, what am I missing here regarding PM? LOL.
Long for months and months now, and will look back in 20 years at my investment, reinvested dividends, and be laughing all the way to the bank.
I just dont understand the worrying about the day to day or even week to week moves of the stock of a very good company that is making its way thru a very brutal global bear market. Couple that with this "phoney" dollar rally and you have alot of stars lined up against PM.
All this will take time to play out, however, if you are in your 40's, lets say, and collect the div's, reinvest them, you will come out much farther ahead than some broke schmuck who watches to many trading commercials on TV and thinks they can trade their way to wealth. No offense to the few traders that do it, but statistics have shown that 99 out of 100 traders lose money if not go broke outright.
I ofcourse, as I have freely admitted before, am the worlds worst trader and would never claim to be otherwise.
So good luck to all and do what I do. Watch the companies for signs that something is going bad, and if not, dont lose sleep over it. Every morning when I wake up I say "thanks for getting me thru another night", and try not to worry about where things might be today or tomorrow. Just think of where things are going to be in 25 years from now.
Well said archman but because it's not being shown any love now, i rather trade half my positions and keep my core positions for long term. Not so frustrating!! I got in at 38.50 to 39 my new positions..hopefully we could hit mid 40s again!
<<Well said archman but because it's not being shown any love now, i rather trade half my positions and keep my core positions for long term. Not so frustrating!! I got in at 38.50 to 39 my new positions..hopefully we could hit mid 40s again!>>
I can freely admit I am the worlds worst trader. If you want the market to bottom tomorrow let me know.
I will buy the SDS or short the S & P and i can promise you that everyone else will become wealthy.
Biggest laugh is that PM was wayyyy oversold on the dollar fear to begin with. I thought PM would pop on the news. PM killing even with weak dollar. Most exporters can not maintain biz and PM getting lumped in. PM can raise prices and beat earnings.
<<Biggest laugh is that PM was wayyyy oversold on the dollar fear to begin with. I thought PM would pop on the news. PM killing even with weak dollar. Most exporters can not maintain biz and PM getting lumped in. PM can raise prices and beat earnings. >>
Agreed. After 15 years of investing you learn that the whole game is a joke. I have watched so many times the "games" analysts and wall street plays. I have even verbally confirmed such games, for here in NY, i have known many people who are part of it who have told me thats all it is.
It is laughable.
You have major companies IE: GE, C, AXP, BAC, etc etc who could literally fail in the coming year of things dont turn around (regardless of Paulson and his once again "Things are stabilizing" speech) soon.
And yet PM has none of this exposure, sells a product to the rest of the world, a world that is going to lead in the 21st century (unlike the US), and will eventually benefit from a dollar that is going to go back to falling for a very long time.