Has it more than doubled? I remember saying I bought BAC at $5 and sold it at $9. At 11 I probably said TEX or PNC was better and I believe PNC is up 40%+ and TEX a lot more from when BAC was @ 11.
Right now BAC is not attractive. Look at their earnings they are very inefficient. PNC is trading at like 9 times its earnings power. BAC is trading at like 9 times its efficient earnings powers. And it has a ways to go to get there? So why pay for a bank not delivering trading at a premium to others.
Terex, I was impressed by the last quarter that they were able to fix MHPS. Still though they are not showing they are growing. $36 really doesn't seem cheap. It seems fairly to overvalued given their 2015 vision or $4-5 a share. Lots of great companies like Deere trade a lot cheaper.
ya i enjoy valuing new companies. Its hard to find ideas. So if you have a good idea its better than what I usually do which is go to this company that had random annual reports.
I pick a company and don't look at their stock and value it from their annual report then look at the price and see if there is a big difference.
Buffett mentioned that is what he does too. I think its a really good idea to value a company than look at its price.
Though I appreciate hearing your picks. These E&P co's are not my style but a good investor will never exclude any stock!. So it would take an extra special E&P for me to bite
oh ya there is a way to fix that.
Click the arrow next to the word flag next to Calm_Under_pressure56's name and click ignore user. Then you don't have to read this idiot's #$%$ anymore.
Hey people would kiss your butt if you weren't full of stupid things to say.
huh?why would my ego be bruised? All that happened was you bragging about how good you are. I think its dumb you could have easily removed certain trades or just picked your best trades. Why waste my time arguing something so silly.
Explain why you didn't buy more Terex at $10? Show some substance in your post.
You said Terex = bad but didn't say why. Besides it wasn't part of your usual strategy. And your usual strategy is buying Dow 30 companies. Though you haven't really explained beyond that why Terex didn't have value. You just sort of explained you didnt have the skills to analyze it.
Good luck and a nice sell too bad you didnt make some more nice lower priced buys.
I am hoping the market begins to sell-off. The markets' currently selling at a 20PE when the long term average is about 15. Even the biggest optimist would have to agree the market is fairly valued at best right now! I would argue its overvalued. Everytime I value a stock when I look at the price it trades at twice i value it at.
There are some awful names getting premium PE's like best buy, game stop. However also small names that I value quickly are getting large premiums. It is definitely not a buyers market now.
Also I calculated your gains vs. the S&P they weren't that good. And you only showed us your 6th best. We can only assume with all your trades that you didn't greatly beat the market.
You made a dumb opinion. Buying Terex was the worst idea you made. I attacked you for it since you could have easily made a lot of money on it.
You said I am better than you here is proof.
I showed things you could see why Terex was cheap you responded with your gains.
So who is the one not providing proof? Proof is what you say and how you make opinions. proof isn't doing well on one or 2 particular investments. Lots of dumb people making money
lol insulting someone's grammar is the last refuge of a person who losing an internet argument.
Believe me my English skills could crush yours.
"Whatever. Very little of what you wrote in our exchanges makes sense. Your command of writing & grammar is poor, never mind your logic. Let's just say that nobody ever before had condemned me for making 65% - 120% gains on significant money when the S&P500 has returned 28% during the same time.
As to your claim of being a "godly" investor and making 55% annually since 2008, like I said, whatever. Unless you are prepared to discuss & present useful investing info & advice like I genuinely did, there's no point in talking to you. As I told you before, I actually get some actionable information on these chats, but you offer nothing. "
Grammatical errors in your post
(1) Whatever is not a sentence should be a comma,
(2)Let's just say that nobody ever before had condemned me for making 65% - 120% gains on significant money when the S&P500 has returned 28% during the same time
Very poorly written sentence consider writing
Let's just say that nobody ever had condemned me for greatly outperforming the S&P 500 during a specified period of time.
"As to your claim of being a "godly" investor and making 55% annually since 2008, like I said, whatever."
Finally lets end that people on this board feel I have provided them with a lot of information. The king will make his pronouncements when he is ready. I don't simple tell you what I know because you asked for it. Now be gone you vagabond
When I used to post on HCBK someone used to 1 star every post by every member. I think he may still do. This no lifer 1 stared every post for a long time. So to make sure my posts had 2 stars I created a few accounts to 5 star the posts.
Yahoo has in a good way moved away from that star system so people can't bury posts.
Also its not about gambling in your investments its about associating everything in terms of reward to risk. Its nonsense to say Terex had much risk over the last couple of years. I see a little more risk starting in 2013 with MHPS which is why I sold. but Terex is a good company.
Some bluechips are in ways less financially stable. Companies like Kraft before the breakup and maybe still had tons of debt.
So there are a lot of non-blue chips that are in ways financially superior to blue chips. So it is important to have a lot of skill.
I run an investment partnership on the side to my job.
Since 05/08,2006 The market is up 30% compared to 38% for MSFT so that isn't a big difference and the market yield on dividends would be similar to MSFT
The returns on this single investment is merely above average
How did your results crush the indices? I proved they really didn't.
"On significant enough dollar amounts. My results beats most "pros" in a difficult market."
What do dollar amount have to do with % returns.
I called what you did dumb not you personally. I don't have much respect for someone insulting a good company like Terex because they bought at $72. Had you bought at $30 and the price dropped to $10 and today it was at $36 fine. Terex sucks
However the price really dropped and the fact you washed your hands said it was a bad investment and neither sold nor did anything. JUST HELD. How am I going to respect such lunacy?
I can't expect you to make good returns with your mentality. So I don't respect you.
Also you posting 5-6 stocks proves nothing. I can post My terex options last year which went up 200%. What does it prove? Unless you're going to give me access to your full account posting 5-6 transactions means u made 5-6 trades your proud of. And a matter of fact those 5-6 trades arent that good
Also you handpicked your returns here. Add in your terex and your down a lot.
I would guess your not outperforming the market since you started investing.
With obvious names like Coke and JNJ. I don't even know why you're investing. Any moronsy can stick their cash in Coke. Just buy an index or let the pros lie me do the work
All right people here can assert I am a godly investor. You could pretty much see how badly i destroyed Terex in the stock and options. Also I post a lot of my ideas on here.
Anyways lets go through your not good but not great returns. these returns are per year
Coke 11% S&P 8%. Outperformance but not that good.
Microsoft 7.4% , S &P 7.7% underperformance
Dow up 30%, S&P up 30% equal performance
CNI 14% ,S &P 5.5%
So CNI is really your only good investment.
These returns really aren't that excellent. It more just proves the stock market is an excellent place to put your money. SO you have half the equation right. And it appears your an average investor.
You rely soley on PE's which is a big flaw. PE's are a greatt first measure of valuation but in order to make large returns you have to understand the flaw in the PE formula. I can see you don't.
Finally obviously you're not a good investor.
Clearly if you invested at $72 as a gamble you could have used some skill on the way down to turn it into a value investment or to sell it off.
Clearly saying well it was a gamble I shouldn't put any thought into my gambles is clearly dumb.
"This was definitely one of my stupider investments."
Too bad could have been your best investment ever had you opened up the 2011 annual report
your coke investment is good but not that good. 11% a year compounded. I have been compounding at like 55% a year since 2008 so I certainly don't think you're doing that well bragging about 1 investment that compounds you at 11%/
Second how was Terex a bad value last year when they told you they would earn $2 a share in 2012 and in July 2012 at $15 and in Sept 2011 at $10. Also throughout last year as they increased guidance it seemed like a value play.
Third. Good investors don't rely on PE's
Four don't tell me about your gambles if you don't think it adds to your credibility. I put money into Yellow Pages in December 2012 and made 50% and sold 2 months ago. That also wasn't a gamble it was skillful value investing.
You explained you were a value investor. But you didn't say why Terex wasn't good value at $9 or $15. Therefore your comment about being a value investor is nonsensical without proof on why TEX at those prices weren't full of value
lol any moronsky can write for seeking alpha. I used to run a website the Markets Are Open and we hired the biggest idiot in the world. Now he writes for Seeking alpha and is like one of their biggest writers.
The dude didn't have a clue about anything. Also $23 is a price based on CBD's optimistic guidance. So that isn't my target lol.
whats stupider buying from $73 and holding
Or holding from $73 down to $9 back to $37 down to $9 back to $34 without buying more?
Sounds like you're lord of the idiots. You had ample opportunity to be up in Terex. Buy and hold investing is really dumb if you're not buying more when it drops 88%