Investing General Discussion

Furry · Sep 25, 2023

Blazin said:
Can you give some examples of high inflation in the last 12 months? Most prices had already climbed quite high prior to 12 months ago

Plenty of inflation in the fast food thread.

Sanrith Descartes · Sep 25, 2023

Furry said:
Plenty of inflation in the fast food thread.

Yeah but we aren't discussing waist lines.

Sanrith Descartes · Sep 25, 2023

Good sign.

Sanrith Descartes · Sep 25, 2023

Took a starter position in the King of the Boomer Stocks (MMM). They have some issues (mainly on the expense side as their SGA costs are out of whack) but these are fixable. They have been paying down debt (only about 2x LTD to EBITDA) and still have a solid positive cash flow. Revenue is pretty flat but its a value company. Its currently at a 6.3% dividend yield so it only needs 4% stock price appreciation a year to beat the S&P return.

Sanrith Descartes · Sep 25, 2023

MSFT working on red day #7. Gotta go back a few years to find the last time this happened if they end up closing red.

Tmac · Sep 25, 2023

Sanrith Descartes said:
Took a starter position in the King of the Boomer Stocks (MMM). They have some issues (mainly on the expense side as their SGA costs are out of whack) but these are fixable. They have been paying down debt (only about 2x LTD to EBITDA) and still have a solid positive cash flow. Revenue is pretty flat but its a value company. Its currently at a 6.3% dividend yield so it only needs 4% stock price appreciation a year to beat the S&P return.

Followed ye.

Mist · Sep 25, 2023

Sanrith Descartes said:
MSFT working on red day #7. Gotta go back a few years to find the last time this happened if they end up closing red.

View attachment 492246

I could have locked in such amazing gains but I really wanted to hold through next earnings. Oh well. Maybe a good entry point?

Sanrith Descartes · Sep 25, 2023

Mist said:
I could have locked in such amazing gains but I really wanted to hold through next earnings. Oh well. Maybe a good entry point?

Im waiting until the $305 neighborhood and then the 200-DMA currently around $294

Sanrith Descartes · Sep 25, 2023

Tmac said:
Followed ye.

Dont expect anything crazy out of it. Its a park and collect dividends sort of play. They need to cut their SG&A expenses and I am willing to wait and see if they do it.

Lightning Lord Rule · Sep 25, 2023

Sanrith Descartes said:
Dont expect anything crazy out of it. Its a park and collect dividends sort of play. They need to cut their SG&A expenses and I am willing to wait and see if they do it.

I'm all about this kind of play for the time being.

Also, looks like ALB was a dead cat bounce a few weeks back and you were right. Ah well.

Sanrith Descartes · Sep 25, 2023

Lightning Lord Rule said:
I'm all about this kind of play for the time being.

Also, looks like ALB was a dead cat bounce a few weeks back and you were right. Ah well.

I had taken ALB off my board. I just looked at it. Yuck.

Mist · Sep 25, 2023

Sanrith Descartes said:
Dont expect anything crazy out of it. Its a park and collect dividends sort of play. They need to cut their SG&A expenses and I am willing to wait and see if they do it.

It feels like a good target for the 2600 sitting in cash in my ROTH right now.

Sanrith Descartes · Sep 25, 2023

Mist said:
It feels like a good target for the 2600 sitting in cash in my ROTH right now.

And if we get another fake pandemic the gubmint might be buying a zillion dollars worth of masks from them.

Mist · Sep 25, 2023

Sanrith Descartes said:
And if we get another fake pandemic the gubmint might be buying a zillion dollars worth of masks from them.

Hmm, who was president when that happened?

Sludig · Sep 25, 2023

Burnem Wizfyre said:
My house is a cookie cutter of the house that just sold for 300k, only difference between that house and mine is my garage has 75% of it converted to living space with AC and heating turned into a spare bedroom/man cave. Nearly 100k increase in price in a single year, that house is 5 houses down from me.

And in Colorado that house would probably be 400 or so.

Big Phoenix · Sep 25, 2023

They really dont want spy under 430.

Ranak · Sep 25, 2023

Bought some AXP earlier today for a bit under $152.

Mist · Sep 25, 2023

Big Phoenix said:
They really dont want spy under 430.

you realize how options and orders work, right?

Sanrith Descartes · Sep 25, 2023

Big Phoenix said:
They really dont want spy under 430.

I posted earlier this morning, that there wasn't a lot of put buying at the $430 strike

Mist · Sep 25, 2023

Sludig said:
And in Colorado that house would probably be 400 or so.

In southern RI, my <1000 sqft house with no garage is 375k, lol.

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