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GnosticWarrior
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Registered: 03/11/07
Posts: 241
Loc: Oahu, Hawaii
Last seen: 14 years, 8 months
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Re: Stock Picks - With New Picks and Adjustments Added Over Time [Re: Luddite] 1
#7989307 - 02/06/08 09:34 PM (15 years, 11 months ago) |
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I've been buying Microsoft-MSFT. Don't know how to value it but have been watching it for over a year and the announcement for their offer for Yahoo sent the stock down. Thought it's a buying opportunity. I think Bill Gates is one smart guy. Even if he's not running it any more, I'm sure he selected the right guy. Plus he'll have less money to play philantropist if MSFT goes down, so I'm sure Gates will do what it takes. http://www.gurufocus.com/StockBuy.php?symbol=MSFT
I'm also looking at Hutchinson Technology - HTCH. Don't know much about it accept that at one point Robert Rodriguez of FPA Capital owned it and has since sold off. However, Arnold Van Den Berg of Century Management owns it now, though doesn't appear to have added since buying it the 3rd qtr. in 2006. They just announced a $130 Million share buy back. Could be a value Trap if their product is going to be obsolete. Maybe some people here know their strength in the industry better than I do? This is why Warren Buffett does not buy high tech. Will HTCH be around in the next 20 years? Still have an comparative advantage? He believes Coke will. http://www.gurufocus.com/StockBuy.php?symbol=HTCH
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GnosticWarrior
Hermit


Registered: 03/11/07
Posts: 241
Loc: Oahu, Hawaii
Last seen: 14 years, 8 months
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Re: 228-to-205 [Re: geokills]
#9004438 - 09/29/08 07:10 PM (15 years, 3 months ago) |
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I don't like betting against Warren Buffett but any type of bailout is against what capitalism represents to me. Maybe I'm being to idealisic?
But yes it probably could be that the govt. would make money in the end by buying those assets. The JP. Morgans and BofAs are only doing what private capitalists do. Govt. has to distinguish where their role ends. But if owning the assets that private companies either don't want or cannot own, will be in the best interest of the taxpayer? Then govt. and the people who took positions to serve the public have not created the type of track record to warrant the trust needed to past a bill of this magnitude. Especially with little explanation of consequences. If any let whatever crisis that happens, make us start to trust one another but it needs to be earned by all parties. You get what you put in right?
But, if the ultimate goal is to get more money anywhere in the system? Maybe now would be a good time to sell taxpayers on the idea of saving social security by allowing the social security trust fund to hold marketable securities of publicly traded companies. And then the govt. could then add 700 Bil. to the stf and invest that money on behalf of SS beneficiaries. However, they should hire managers to invest that money like how private pension plans do. Maybe now the public would be for it?
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GnosticWarrior
Hermit


Registered: 03/11/07
Posts: 241
Loc: Oahu, Hawaii
Last seen: 14 years, 8 months
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Re: Stock Update for October 8th, 2008 - CAT [Re: Luddite]
#9049687 - 10/08/08 07:08 PM (15 years, 3 months ago) |
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I own a fair amount of PWE. I was tempted to buy more today but, couldn't get myself to do it since if something does go wrong I'll just be putting more money on a sinking ship. Also while the distribution is good now, but if they ever cut it...i've been sucked in by high yields before.
However, if this would be my first stake in it, id buy some now. I've owned mine for about 2 years. Paid around $31 for em. Another concern is that Bruce Berkowitz of the Fairholme fund was winding down his position before the market began tanking. But, I'm bullish on oil and nat. gas at these prices. Could be more pain but, I think in the long term we'll see higher prices.
http://www.gurufocus.com/StockBuy.php?symbol=PWE
On a side note, I was waiting for CHK to come down to buy a stake in and a few days ago I got my chance at 24.50. If I waited a little longer I could have got it cheaper but that's how it goes.
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