twaddle
Thinks s/he gets paid by the post
- Joined
- Jun 16, 2006
- Messages
- 1,703
Time for an embarrassing story. I will occasionally research a stock in the wee hours and then send myself an email reminder to buy.
One morning I read one of those emails: "buy ALD." So, I did.
And then I realized that I had sent myself that particular email about 2 years earlier. Oops.
Well, it promptly went up about 10%, so that eased my angst a bit, and the dividend is HUGE, but in the end I wasn't comfortable with the investment, so I sold it for a short-term gain.
Now, I'm interested in reexamining the company in more depth. Looks pretty good on a fundamental basis, management, and historical performance is great (with reinvested dividends, of course).
But, I suspect this is a pretty economically sensitive sector (sort of small scale private equity), so I plan to wait for the next business cycle.
Anybody want to talk me out of waiting? FWIW, ACAS is a similar stock.
One morning I read one of those emails: "buy ALD." So, I did.
And then I realized that I had sent myself that particular email about 2 years earlier. Oops.
Well, it promptly went up about 10%, so that eased my angst a bit, and the dividend is HUGE, but in the end I wasn't comfortable with the investment, so I sold it for a short-term gain.
Now, I'm interested in reexamining the company in more depth. Looks pretty good on a fundamental basis, management, and historical performance is great (with reinvested dividends, of course).
But, I suspect this is a pretty economically sensitive sector (sort of small scale private equity), so I plan to wait for the next business cycle.
Anybody want to talk me out of waiting? FWIW, ACAS is a similar stock.