Stock Thread Watch - Please Add Your Favorites
- Thread starter Wesley
- Start date
I like Apple. Innovative company with products everbody loves. Solid cash flow and balance sheet as well.
Many, many stocks are "on sale" right now...some very good and strong companies have been hammered by the irrational nature of investors in the market at times like these. That, along with the incredible volatility we are currently seeing, would indicate that we are at or near the bottom.
What is up with Principal? I was in at $20...sold at $50...watched it go to $70 and now it is at $10. Are they in trouble? It would look like they are a prime takeover prospect for some larger multinational company.
What is up with Principal? I was in at $20...sold at $50...watched it go to $70 and now it is at $10. Are they in trouble? It would look like they are a prime takeover prospect for some larger multinational company.
I am in the same boat with you about Principal. I don't see the same liquidity issues for them as some of the other big financial institutions. Supposedly there is some concern about some of there investments....however, that concern seems to be overdone. They're current ratio is incredibly solid, I have no concern for them being in a going concern. Anybody close to the company knows they are doing everything they can to cut costs as well. (no, I don't work for them though) Bottom line, I started a position with them the other day at an incredible price of under $10.
It may be just irrational selling. Right now insurance commpanies are under the gun becaus their business model says they need to earn somethoing off their investments to pay some of the policies. John Hanvover and Manulife are slipping poorly also.
CycloneErik
Well-Known Member
Don't be waiting by the phone!!
Wait by the computer instead. If my money ever gets here from Nigeria, I'll drop you a line on that.
