Just checked my purchase history. I bought a block 3/2/2009 for $7.74. Looking at today's price, that's a nice return. Now, what I am leaving out is that I bought even larger blocks in 2008, and two in 2010 at higher prices. I'll check back in 10 years and see how things turned out.
As far as I can tell, nothing has changed for STP....today's gain is because the entire sector is up. So we are still talking about a company with tremendous debt, over supply, dwindling customers, and new tariffs to deal with. They don't have enough to cover bond holders and I don't see the govt stepping in to the rescue of common shareholders. I'm watching from the sidelines for now.
Thanks Mr. The Killa! When I got into STP, it was around $3.50 and while risky at the time,who could have predicted all that evenutally transpired?
I sold my shares last week for an 85%loss. I'll consider getting back into STP if they survive the next couple months.
Are the branding internationally under the American Eagle name? I wonder how "American" will sell internationally? I agree the balance sheet continues to be attractive.
I agree with this. Unfortuantely my buy in price is a lot higher than $1. I'm about to issue a sell and at least recover something.....
Sentiment: Strong Sell
I'm holding shares at $9. I see no new developments in this sector or with AEO specifically in the near to mid term. Can someone argue to continue holding?
why would you ever get investment advice from yahoo boards? these posters are pumpers and dumpers with their own agendas. at least you learned your lesson without losing anything. I have 600 shares as well. I bought them years ago at $19 per share, I don't give a rats #$%$ if the stock moves from 96 to 90 in day.....think long term and you'll be okay.
Larry - when STP goes to $0, can I have the stock certificates your sitting on? This winter will be cold and they make for great kindling.
I'm still holding shares and am waiting. I don't think we need to add our names as this is only if you want to file as lead plantiff. Simply owning the shares qualifies one as a class member.