mathematically it is nothing. stocks can split and drop too with the SAME percentage whether it's half or double the price depending on the split. with a 2 for 1 you get twice the shares at half the price. dividends are cut in half too. there is no difference.
the advantage to splits used to be the discount given for round lot purchases and sells. round lots are meaningless now. just like old paper certificates.
then August did the right thing. you can always sell, continue to let this garbage tank, and then buy back in. why go down with the ship?
Sentiment: Strong Sell
wow!! that drop to PPS without a dividend distribution. unreal. so glad i got out prior to ER. market investing not all about making money but about avoiding losses too. anything hits a negative 15% investment, it should be sold. no way will MIFI make up for those losses any time soon. amazing how people continue to hold even as the bottom continues to drop off. why not take the remainder and reinvest? this stuff is simply dying.
Sentiment: Strong Sell
oh shaddup. i left 20% behind. you sure don't want to hear anything contrary to your TNK obsession, do you. you'd pump this position if it dropped 75% and tell everyone what a great buy it is. pump pump pump. you'd pump a dry well.
well tsew, my performance lately doesn't lend itself to investment success.
i reduced PLOW by 85% and will not reinvest
TTC is, IMO, poised for good earnings but P/E is 21.65 and yield only 1.5%
my other equities are oil storage companies, a retailer (HD), a pipeline company, 2 BDC's. i had AAPL but sold that off. quite frankly, i don't see any domestic manufacturers with a low P/E and a high yield.
so, altho i too like US manufacturers, not holding any other than TTC. strong dollar not helping them altho low energy costs and interest rates help. that strong dollar is a killer tho.
you are 1/2 right kosmic. downgrades have nothing to do with performance. they are all about future guidance and have nothing to do with the past performance.
yeah. TNK a disappointment. could be worse and - it just might be. as posted earlier i took 80% of TNK and split between HD and TTC ahead of their earnings reports.
i think what often happens is people hold a position based on past performance rather than future guidance. always a mistake whether you are buying, selling or even simply holding. it is all about what's to come. that's what analysts do and that is what drives shareprice changes.
the mistake with investing is not simply holding the wrong equities but is in not doing anything about it. i make a move and simply won't hold due to past performance. it's all about "what have you done for me lately" and "what are you going to do next". i never ever get emotionally attached to a company.
good luck fella.
that's all well and good jesse but do you believe PPS will make up for a 13% drop since Apr 24th? i don't which is why i sold 80% of my TNK holdings. a 2% yield does not keep shareholders patient either. you have to consider your losses here plus what you could have made elsewhere plus a better yield elsewhere. i took proceeds from my TNK sell and put down on HD (Home Depot) and TTC (Toro) ahead of their earnings releases this May.
drivel huh? lol. you would have had any type of real money here you wouldn't be so unconcerned.
Famous last words?
You should be concerned. The short term trend ahead of ER is horrible. How can you not be concerned with a 6.26% drop to PPS at current? How can you not be concerned with a downgrade? My conclusion is that you simply have very little to lose.
pipsqueaks always talk tough.
very odd. other than me, no commentary here for 2-1/2 months? surprising. today i upped my TTC holdings to now nearly 24% of my stock portfolio in anticipation of good earnings report scheduled for May 21st. the Northern Star acquisition should boost earnings nicely and Northern's Boss line outselling Douglas Dynamics plows (which i reduced holdings). IMO, TTC poised for a nice bump to PPS.
counting on it....
osprey is to be ignored. check his other posts...
he is attempting to manipulate a small cap stock by posting false rumors. that is illegal. were i holding KOSS, i would report that post to the SEC. no question.
yes, TNK definitely out of favor. Mr Market pounding them hard. PPS down 13% since the 6.65 close on 4-28. That's enough of an indicator for me. i sold off 80% of my holdings and will keep the remainder thru ER and then, either way, i liquidate this position. enough is enough.
you blasted me March 1st for posting negative commentary on WY and called me names. i call it karma now.
i also recommended buying HD late Feb and selling WY (which i did), and was pounced on. now do you get it? run a comparison chart if need be.
you need to be civil and perhaps karma may help you.
thx ignoreworld. interesting....
I am having a new lake home built now and made sure that NOTHING came from Lumber Liquidators. nothing.
i just finished listening to the CC. had a couple others earlier that drew my attention. i closed out my last FLY position at 14.63$ and, after listening with an impartial ear, will not buy back in. i felt Barrington was less than forthright and i didn't see him sign up for an optimistic forward guidance. as in the past, i felt he was not to be trusted (as we all found out with that last SO).
should i return to this sector, it'll be with AYR who is up 17% since my sell there last December.
were i still holding FLY, i'd have sold right after the CC.
markets robust today and FLY was one of the few not floating on the higher tide. opportunity costs have to be considered.