Congrats on your stock picks... As I mentioned , i sold Boot on Friday .Im waiting on that to buy again . I have a fully priced preferred stock that ive had for a while. Its pay 7.8%,, I bought it in the 5 range..(ti paid a huge divi in arrears) Now it has no upside as its a 10 buck pref. (OSBCP) Im concerned about the rising rates of course, however its a bank stock that should do even better if rates go up, but you can never be too confident . Do you live near Gatlinburg?? I went through there on my way to Austin way back when ...
Verado !!!! Happy Birthday... I know what you mean about celebrating at this point in life.. I am 67.. If im not watching the market, i am talking to someone about there health... When i was a lot younger, i was a full time working musician .. Thats when things were really fun .-)
HI V I live in Austin .TX . This is THE, or one of the fastest growing cities in the country... 6500 people moving here a month (whew).I heard they are building 3 Apt. complexes a month here. . I moved here from the Boston area 9 years ago... I was writing mortgages before i moved to Texas... I went out to Vegas in 2011 . The market there has recovered at least to a double since then, The same in many parts of florida and many parts of Arizona.. Back home in the Boston area ,,, its just now starting to move again .. Once again you are right that the markets are localized.. These are just the places i had my eye on...Good luck on that Boot short... I hope it tanks so i can buy it back... Did you see the volume today ? it was 147k at the Close , and then all of a sudden it showed another 450k ... It looked like it may have been a cross trade judging by the lack of price movement.
When the stock market does tank ,, where do you think the money will go ??? Best Regards
V Im with you on the market... Ive been light the market since last Sept. Im wondering though,,, right now it seems the majority is in the bear camp, and that concerns me in the short term.. I do think however , that when the mkt blows up, the money will go into real estate... It has to go somewhere . I sold Boot today.. I hope to get back soon...I hope you are having a nice weekend....
I cant seem to get to this message board at times. it took me multiple maneuvers to get here. Others may be having the same problems?????
HI Verado... I think i was wrong in my comparison to Guitar Center... I mentioned it went to 60 from 10 ,but i think i forgot at least one split which would have taken it to 120.. .-(
Its uncanny how it often goes up on down days lately .
Ok ,, will do ..... Many moons ago, People use to say that stocks that go up on down days , are under accumulation and are takeover candidates.. ? You ever hear this"??
The lines are gone at my local Chipotle... This is trivial information i know,, but im curious to find out if other stores are peaking ? On the surface this looks like a short..
yeah I see what you mean.. They did a presentation on the 10th,and the stock didnt move up , which also isnt a great sign.FYI The CEO did say there are 2000 mom and pop shops out there.. Some will fold if they keep growing imho. Also the ceo dumped a lot of stock ,as well as another exec.
I was hoping to keep it long term, but the market cant seem to find any meaningful footing, so i may dump too.
V , thanks for you comments. .. I was hoping you jumped in. Its up 5 bucks in the last several days as you pointed out. I agree that the p/e is out of sight... What surprised me is the fashion retailers for the most part did poorly last quarter , and Boot did very well.. Even in Texas where the oil drillers are located,the earnings were up although they werent broken out,it was addressed in the conference call.. Being a transplant from the Boston area, i dont have much interest in western garb, but someone sure likes it... They now have 200 stores and there nearest rival to my knowledge has 50 (Cavenders) .There also adding 22 additional by the end of this year. The primary reason I bought this stock was I let a situation like this throw me about 12 years ago... There was a company that came public called Guitar Centers.. I bought the stock at 10 bucks, and after 4 month or so I gave up on it because i said to my self, there's no growth in the music business.The young ones were more interested in computers etc so i dumped it at a point loss . While there was no growth at the time,, They picked up market share like crazy.... Back then when you went into your local music store , you may see 6 guitars and even lesser of most other instruments... Guitar Center has hundreds of guitars on display... So if your lookinig for a guitar youd go to GTC rather than a local music store.. They've basically wiped out the mom and pop shops..GTC eventually went private . The stock price was around 60 bucks. Home Depot did the same thing to the local lumber yards .. Wiped out most of them... Right now Boot is showing growth prospects and also the ability to take mkt share. They have buying power where the smaller rivals wont be able to carry as much inventory . All this may already be priced in the stock . You made me think about your comment regarding Tractor Supply being a rival.. I would have never put the two in the same category, Best of luck.. This site wont let me continu
Your work on this stock is better than any analyst ive ever read in 40 + years... You must have put in hours upon hours that turned into weeks... I have to pat my back too because i knew from the get go that you were DA MAN . I even made a couple of points on this piece of #$%$ .... (didnt sleep well while i was holding though) .. Once again great job !
Yes please keep me posted... With regards to the overall mkt,, Im with you 100% Im 85% cash I do hold a preferred that pays 7.8% , but i may have to drop that soon... Pegff for a bounce and Cisco.. Oh and my super spec is Boot Barn, which i may live to regret... But none of these are managed by a bunch or frat house pranksters like mill .. Best of Luck to you ..