I'm willing to give you a pass with your error, but not to the other poster, since she has a broker's license; the one who chose not to respond to my post on this tread.
WMT went public in October 1970 @ 16.50 per share.
WMT has had NINE 2:1 stock splits
Had one bought WMT at the 16.50 IPO price and held, their cost basis would be a bit more than three cents.
BUT......WMT shares NEVER TRADED AT THREE-FOUR CENTS.
vmhernandez has a few examples of sub pennies that may have exploded in price (obviously very much the EXCEPTION, rather than the rule), but she also included MNST. I asked her if she had not taken splits into consideration, but radio silence.
Her comment re MNST reminded me of my brief period of being a penny stock broker. Another broker told his prospects (and me) that IBM was once a penny stock. He busted out the S & P "Gray book" (sorry youngsters, way before your time) and showed me IBM's historical low share price. Of course, like vmhernandez, he neglected to consider that IBM (like MNST) had had many stock splits and that IBM (nor MNST) ever traded in penny land.
File under: Just keeping it real
At least hedge understands the above. Perhaps a few other posters get it now.
"Adding or not will really depend on your stage of life & how your needs are with relation to capital "
I'll add one more: relative weight of a position. My position in TROW is on the high side relative to all of my equity holdings.
I have been reinvesting my dividends for several years and continue to do so.
sns, I haven't been long WFM for many years, but am long a few ancillary issues. I've been a fan of the natural/organic investment theme for a while and this is a rather active board compared to others.
While I do not watch Cramer much, I've heard him state once in a while "why not own the arms dealers" rather than the nat/organic retailers. Space is getting more competitive and obviously this has taken its toll on WFM. That said, I wouldn't count WFM out by any stretch.
I am a frequent (selective) shopper at WFM.
"I live in NW FL" You had to remind me of one of my worst investments: JOE!
"365 stores a failure and huge expenditure"
Apparently we have a clairvoyant among us!
From WFM 365 website:
"365 by Whole Foods Market hits the scene in 2016."
Assuming you even went, let along graduated from college...were you a drama major by chance?
"What happens in China or with the US Indices has/will have no effect on VMLR income, or lack there of"
I imagine that is correct, but "What happens in China or with the US Indices may pull all sectors down (or up!). No big deal if one has a real long term horizon, but the ride may be rough.
While I appreciate the potential rewards of investing in biotech (I've harvested some of the reward), I'm not a fan of being too concentrated in any particular sector.
Cheers & best of luck.
"Not many people buy ground beef nor any meats at Whole Foods, because it is way too expensive, so Whole Foods probably dumps tons of meat every other day due to meat rotting in their stores."
Or...WFM probably is very adept with its inventory management and thereby knows how much of ANY product it sells and it adjusts its purchases accordingly. What a novel idea.
Are you published???
Apparently I fall into the "not many people" category, although lately, I've let WFM make the cheddar bacon burger for me and all I have to do is the grilling.
Welcome to posting on Yahoo Finance; I see you are new!
"...the majority of my investment is in FBIOX..."
Well, unlike ralph, you certainly have "a set".
To each his/her own, but IMO, you are way too concentrated in one sector.
As noted to ralph, it's all fun and games when the sector is rising, but will you be able to handle a POSSIBLE prolonged downturn? Perhaps times have changed, but the long term chart does show long periods of okay performance and a few declines along the way and then a HUGE run for the past few YEARS.
How many times have people witnessed a sector to be on fire, only to be overtaken by a different sector, with the former sector hitting the doldrums? I do not believe times have changed. Who knows if when biotech will fall out of favor.
"Bio Tech is a game driven by pipe line positions and their anticipate value."
Sometimes the market decides to revisit the valuation it has on a sector; again, we've all seen this before.
I'm not suggesting gloom and doom for biotech, I'm simply reminding people that good times do not always last.
"Still wish I got out Friday"
You had your chance last week to get out a couple "Friday's" ago's price level, you know at a price you wished you had sold, but NO!!! you did not sell any shares. I'll be the first person to admit that I can be stubborn with a position, but I also believe with experience, I've gotten a bit more disciplined.
As I have noted several times before, you have too large an exposure to this volatile sector. It's all fun when bio is up, but it's more telling how one handles the declines.
I will do my best to not respond to your posts. Are you for real? I do wonder.
Regardless, as cdgray wrote: "grow a set".
Thanks for the feedback.
"because those non homogenized milk dairy companies are taking their market share"
I'll have to look more closely; are there that many non homogenized dairy kefir products available?
You mention that the farmer cheese is readily available in your area. If it's a "good" product, why not expand its geographical reach? Speaking of geographical reach, has LWAY saturated all lower 48 states with its flagship kefir brand? I just don't get the international expansion (except for the possible travel benefits) when it seems there's a lot of untapped potential here at home (and possibly to the north).
And how many hits are from you? (only having fun here).
I don't regularly seek out ads I've seen on TV, but have done so. I find it peculiar that there are so many hits, but hey, it's certainly not a bad thing. Is LWAY's social marketing campaign responsible for all the hits? I have to guess yes.
My take on the ad is (obviously) simply my opinion; I'm not a marketing expert by any stretch.
I'd prefer a more educational ad--one that describes what kefir is and that it is a healthy product with an emphasis of showing the actual product and Lifeway's name.
Hopefully the reporting mess will soon be over, and the team can get back to 100% working on expanding the business.
That said, I have posted several times that it is definitely possible to make money on this stock, but not necessarily due to the primary reasons why a stock rises, and more so due to nefarious actions. To this day, on ppch's board, there continues to either be disingenuous posts, posts with unfounded "info" or simply posts written by people that do not have a clue.
At times, I try to clarify.
Again, I currently, nor have I ever, had a position in ppch. And no, I've never been short either; I'm not even aware how a retail person could short a four cent stock.
And once again, it sure is fun to watch.
Have a delightful day.
After 2014 pump wound down, shares languished in serious SUB PENNY land for months until early March 2015, and then the trading became unusual (again). ppch shares hit an intraday high of 13 cents on three consecutive days, only to not see that level since. Interesting that during those three days, ppch's volume was huge by comparison, particularly if you consider the VALUE of each day's trades. Also note that the number of outstanding shares had increased.
The second move (spring 2015) was assisted with "marketing" prompted by ppch. Stock marketing "firms" were paid by ppch to promote its shares. Marketers were paid in shares (shocking!), converts or cash--shares would be sold as soon as allowed. ppch's PR people pumped out a few silly PRs, including a few that, fraudulently IMO, stated ppch would be "featureed" in an upcoming NYT Sunday magazine. The reality?: ppch PAID money to ADVERTISE in the NYT "special section".
Nothing wrong with advertising; just be honest about it.
And then there's seethruequity's conference. There's nothing wrong with paying to participate. What I found very strange was that seethru posted a 1.52 "price target" for ppch the day BEFORE ppch presented. Obviously quid pro quo; happens all the time except for the timing. I've seen countless times when a firm issues a research piece or a price target of a company that participated in a firm's conference, but theat always occurred AFTER the conference, with the research piece possibly including "info" that was presented. Seethru did the opposite; again, very strange.
Bottom line: since I've been folliwng ppch, it is clear that its shares have primarily moved due to pumps and unethical PRs and not due to REAL or relevant news. Subsequently, there's no way I would risk any money in such a vehicle, but it sure is fun! to watch.
I think you are asking "Who am I and why am I here" to quote a former US VP candidate.
I'l start with the "who"...I was sponsored for the Series 7 and worked as a broker for a penny stock firm years ago (before the internet). While I only stayed with the "firm" (long gone) for a few months, I got a decent education (and my 7!) how the penny stock market "worked". Obviously with the emergence of the net, things have changed. Today, in penny land, there's a lot of misinformation out there, to put it lightly. I continue to have an active 7.
As to "why" am I here? I'll start with how. A poster "promoted" ppch on a stock board of a mega cap stock I was long. Not that I had an interest in investing in a promoted stock (I'm not a fan of musical chairs--it's all fun and games until the music stops), but out of curiosity, I checked out the target: ppch. The date was around the latter part of May 2014. The PUMP had already ended and ppch shares were on their way down, after moving from around ten cents/share pre pump to an intraday high of 47 cents. The process took a few weeks. By early fall, shares were around ONE CENT and shortly thereafter, SUB ONE CENT! It's interesting to note that prior to the pump, ppch had ZERO volume for MONTHS. During the pump, there were two (one and the same?) shameless pumpers; their posts were laughable, but I'm sure they reeled in a few naive retail "investors". My guess is that ppch, given its virtual non-existent volume, was a perfect target/victim and was not involved in the pump.