Yea,SDRL may go to $10.00 per share in the near-term. I might buy,but there are other oil stocks that pay a divy. For now this is dead money.
From seeking Alpha : "The fair value of its investment portfolio is currently estimated to be approximately $2.5 billion, as compared to $1.9 billion a year ago. This represents a 32% growth rate year-over-year.
Buffett said at the last Berkshire Hathaway shareholder meeting that a value investor who can't take pain isn't a value investor at all.
I must be a value investor.LOL
One explanation remains that the gold standard was to blame.
Requirements that money be backed by gold forced countries into restrictive policies.
Finally, gold was gradually abandoned.
You bring up a good point KEL.
Hedger's have under performed this year.Many have closed shop.
Which side of the trade?
All I know is : I zigged when I should have zagged.LOL
Dayton, yes I'm still on my feet,but not as nimble with my bloody toes.
Priviet, having an index fund is just part of the mix.
You can take profits any time, but a long time horizon is best.
I would ask: How does one live off SS?
On the bus. nightly news 12-05, some talking head likes MEMP also.
He is a value investor, and said MEMP is well hedged for 4-5 years.
Picked up some PSEC @ 8.35. Should have waited.
My next trick of disaster will be to buy more FSC.
Which is the best BUY? Thoughts.