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Best Buy Co., Inc. Message Board

keh12955 3 posts  |  Last Activity: Feb 23, 2015 12:16 AM Member since: Oct 13, 2009
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  • keh12955 by keh12955 Feb 23, 2015 12:16 AM Flag

    In response to mrphil2 and a few others, i have spent my last 15 years working at smith international, then schlumberger afterthey bought smith, and now currently with baker hughes for over 2 years. This same time span i have made a lot of money investing only in nov, rig, wft, bhi, and slb. Yes i admit my recent purchase of rig on the 18th was a bit hasty, but it wasnt dividend driven, i had no idea when the ex date was until 2 days later. I bought because of the huge drop they had suffered, and the apparent turn around in crude and oil service stocks. 1 day after my buy is when credit suisse and citi came out with downgrade and said it could drop to $6. I merely posted asking for opinions, as i didnt feel like taking a loss of $12k should this drop from 18 to 6. I was asking what others thought about possibly shorting as it went down and rebuying layer at a lower price. I guess most are correct, a msg board is not a good place to discuss investing and get others serious opinions.

  • Reply to

    2 questions

    by keh12955 Feb 20, 2015 8:50 PM
    keh12955 keh12955 Feb 20, 2015 9:20 PM Flag

    yeah, crud, i see that i missed it by one day, #$%$. I am down .75, and was looking forward to getting the .75 div to make up the loss. i am selling first thing monday and then selling short.

  • keh12955 by keh12955 Feb 20, 2015 8:50 PM Flag

    1) I bought 1000 shares @$17.75 during the day on the 18th, so was a shareholder when the 18th closed. I still hold as of closing today (20th). I see the ex div date is 18th? I also see the dividend is to be paid sometime in march at 75 cents per share. Do I get this .75 per share?
    2) I dont follow rig closely, but have noticed the rapid price decline, and purchased it without reading about the ceo leaving, the chg in dividend from $3.00 to .80, the old age of its rigs, it losing business to competitors, the expected issuance of more shares to provide money for debt coming due, credit suise saying this will go to $6/share, etc etc etc. I dont think we'll see $6, but I think this company is in trouble. What is your opinion? YOu going to ride this thing down to $14? $12? $10? I'd like to think it has bottomed, but drilling cutbacks have only just begun, contracts are being cancelled, etc. Wouldnt it be more prudent to sell at a loss now and get it back by shorting?

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