Thursday, November 20, 2008

Oh yeah, I have a blog. Maybe I should use it.

Since I have ADD too bad tonight, you people just get small snippets of stuff.

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This just in: Citigroup is going to zero. Apparently so is Bank of America. BAC trades currently at 11.25 while Citi is under $5! It looks like the market is skeptical of Citi avoiding bankruptcy. I'm still holding on, and I'm thinking of adding a little Bank of America.

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If you really like gambling, buy some GM shares. If the auto bailout actually happens, they could be a terrific short term investment. I think an interesting way to play the auto companies is to buy the tire companies. A more detailed analysis is in the works.

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Becky Quick is hot. No wonder Warren Buffett always gets her to interview him.

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General Electric is trading at $12! Twelve bucks. If I buy it, does that make me a dividend growth investor?

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Some guy named Andrew Knight just left a comment on my last post about if I'm interested in something that'll drive traffic to my blog. Yes Andrew, I'm interested. But only if it's free.

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While I'm on the topic of answering comments, I sure did enjoy Dividend Growth Investor's response to my post bashing him. He said:

"Unfortunately for you your blog has a very small audience for me to bother with your post..."

As far am I'm concerned, that's the same as saying "I've got nothing."

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There are so many names that are looking attractive. Some include:

1) Maple Leaf- The stock is trading at the level of the value of their Canada Bread investment. That means you'd get the meat business for free. While it's hardly a stellar business these days, it's worth more than nothing.

2) Abitibi Bowater- Is this company going to zero? The sell off in the Canadian dollar sure has helped these guys out.

3) Revlon still has a ton of debt, but the upside could be potentially huge. It remains on the buy list. By the way, I paid an average of 12.20 for my position.

4) Eastman Kodak still makes money, is trading at about 2/3rds of book value and has interesting new home printing technology. Is it enough to turn this company around?

5) The shipping stocks are way the hell too volatile for my taste. Still, they might be interesting.

These will be added to the watch list.

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It's time for bed.

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