Same here Phil. Have 5 lowballs in right now. Did pick up some TAC cheap in the pre-market for the long haul. Only short coming is that today is the ex-div date for TAC in Canada. Yesterday was the ex-div date in the US.
Agree with J1. Railroads give an indicator when there is a trend either up or down for 3-4 months in a row. Has not been a good sign for the last 3+ months. This report appears to be a mixed bag.
Kel, get a real snow blower. They are tremendous fun & can even the score with neighbors by "helping them out". ie. Cleaning off the public sidewalk by burying the neigbors' car - OOPPPs did I do that? Gee is that your car? That's too bad that you have an extra 5" of snow to shovel off the car.
Also good for guilt trips on snitty churches (if you have them for neighbors) - clean their public sidewalks so they cannot #$%$ at you when you are making 80 decibels of noise during their church service for a rush job that has to be done
Snow can be a constructive tool for community relations.
Slick not so sure about WMT. They are trying to change their ways again away from being the low cost leader. They have been trying to emulate Target like they did 3 years ago to disastrous results. Walmart seems to want to get away from Sam Waltons original vision.
I used to shop for groceries almost exclusively at WMT. Now since the local WMT has dropped (2 years ago) about 40% of their fresh foods & vegies & hiked the cost of the remaining produce I am reluctant to be a big fan of WMT. In addition WMT is talking about opening smaller stores 60K sq feet instead of 100K square foot stores (less selection). WMT also got spanked pretty bad internationally (bad product mix and tin ear to country's culture). WMT stores are dirtier & have less cashiers these days (lack of convienence). Finally WMT is being hammered now to possibly split off Sam's Club. So you might want to reconsider buying WMT when oil goes up. Even my 93 year old mother is thinking of selling WMT after owning it 25 years.
Food Lion, Aldi's & a local 5 store grocery chain get more than 1/2 the business I used to give blindly to WMT. WMT will get less as their prices go up. For instance 64oz can of so-so coffee at WMT is almost $10. At the local 5 store chain it is $4.99. $5.99 at Aldis. The math is easy and the coffee is better cheaper.
In the 2008 Recession the cheap dollar stores and retailers like Big Lots were making very good money and this was reflected in their stock. If I had your ideas about when oil was going up I would focus on those stores. They are less glamorous but they certainly made money at it.
The only stock I have held onto for over two years has been American Tower (AMT). I figure every millennial etc is strapped to their phone to the point that the phone might as well be embedded in their body. It pleases me immensely to see people walking up the street day or night yakking in a phone. Every moment that they are on the phone I am making money through the signal going from their phone to somewhere else. Better than owning a phone company - owning the common element that all phone users need - wireless towers. More convinced than ever after listening to sister-in-law say that even in her house there is no face-to-face communication between grandmother, daughter & granddaughter. They all text & call each other on cell phone inside a 2,000 square foot home. That was the clincher for me. Cell towers are a utillity just like electricity.
Having said that am looking to delve back into some stocks that I have held previously these might include: FTR, CY, GM, and JCI still checking on them (out of the 40 stocks I started with). In addition, have got my eye on some electric utilities. Guns & ammo companies are still expensive or their company is out of kilter now, so no guns. Got the supermarket I wanted, cell tower company, just need a utillity or two & I will feel set. Then I will have food, electricity, and peoples yakking devices tied up. Folks need all three to survive.
Getting ready to sell one or two BDC's. Have to free up some more money for the coming buying spree.
Think Google would be very approriate for oldsters such as ourselves after the coming recession hits. Google will go down in price & then become more of a value stock instead of a growth one. Still won't pay a divie but you won't mind taking a ride up from its' low to a new high.
Amazon have doubts about recession or not.
Sooner rather than later. Am surprised that we got through 2015 without one. Gut instinct says 2016. Especially with presidential elections. Always seem to have a stock market rollback, sometimes minor sometimes major (see GB the 2nd term), around elections. Had one with Carter to Reagan, Bush to Clinton, Clinton to Bush, Bush to Obama. Since Obama is vacating the White House - am seeing a pattern here.
Not to be an alarmist but want to be somewhat prepared to very prepared when it does rear its' ugly head again. Unlike the 2008 Recession.
PNNT is in fire sale mode. Filled my order & brought my avg cost down nicely. Could kick myself for not waiting for it to go a little lower ($6.36 if not lower) but that is hindsight. Will suck it up & maybe buy some more if it plunges again. CC sounded reasonable not outrageously great. Think PNNT can continue their divie for at lease another couple of qtrs.
Yeah but investors take this as a bad sign of what is to come. They want to buy stocks that only go up.
My order has been in for $6.40. Think more downward pressure than upward for at least this week on PNNT. Long run, think PNNT will be okay. $6.40 will bring down average cost nicely.
Wise you lucky dog. Shows what happens when you leave the market unattended for some business matters. GARS gives a little present for those watching closely. Nice call.
Barron's is better than Zacks but that is not saying much.
I got out of GM because of South American travails and the airbag problem in toyota. Figured whoever was supplying Toyota with the air bag activators was supplying other car manufacturers also (turns out I was right about the air bag actuators). So to sum up, Barrons articles had very little substance & a lot of conjecture.
Barron's has become a slave to having to publish something all the time like many media outlets. So the quality & in-depth aspect suffers.
HTGC will have to come down to $10.50 or below again to get my interest up. I do have a buy order in for $10.25. HTGC at this time is too twitchy (up & down) for my tastes. At $10.25 I can take twitchy.
I have been selling stock as I get in the green to raise money for some new stock picks. Tired of being handsome, want to add some riches to the IRA's (re: you can either be rich or handsome homily).
To add to my obdurate opinionated rant, am thinking there will probably be a recession in 2016. In recent history, there always seems to be a recession or a slowdown when a new president will be elected. In addition the 7 year cycle of recessions is coming due. No I am not by nature a gloom & doomer but like to, as I am getting older, to be a little more cautious & maybe just maybe might be able to see a trend coming.