I want to be able to buy at least 50 shares, that is the only reason.bran987 said:why $10 per share or less? you are smart enough to know that share price is not an indicator of volatility. The only reason share price should ever come into consideration is if the shares are under $5 (and thereby not subject to short trades, which actually does affect liquidity) or penny stocks which obviously we want nothing to do with. You should focus on market capitalization (share price x shares outstanding), not solely share price.
a company with 1,000 shares outstanding and a $500 per share stock price is worth $500,000
a company with 100,000 shares outstanding and a $5/share stock price is also worth $500,000
same thing. so now that we've established share price should never come into the equation when purchasing, can we expand the realm of investing possibilities? or do you still only want $10 and less stocks so you can have the illusion that more shares = more value?
let me know!
But you know that's all in your mind right?Lestat said:I want to be able to buy at least 50 shares, that is the only reason.
I hate buying shit like google where i get like 10 shares.. just sucks.
sawastea said:XTO
CHK
PEP
MOT
PDLI
See if those tickle your fancy.
i own mot and still like itsawastea said:XTO
CHK
PEP
MOT
PDLI
See if those tickle your fancy.
sawastea said:XTO
CHK
PEP
MOT
PDLI
See if those tickle your fancy.
flex229 said:good post...i like CHK too...been eyeing that one for a while..
bran987 said:sawastea wants to marry CHK
CHK*Pats self on backbran987 said:La Quinta Corp. (LQI) - This is one of my favorites. It's a Texas based hotel operator, got into bad trouble in '98 when it was purchased by a Health Care REIT called Meditrust, which was using it's own stock for collateral on loans in a dangerous way.
So when the stock went down, the lenders called their loans, and they had to eliminate their dividend. Shareholders voted everyone out, new CEO Francis Cash was put in, 25 years of experience at Host Marriot and Red Roof Inns. They restructured, sold assets, paid down debt, right?
So they net $150 million CF now, operating on all cylinders, but they still aren't paying a dividend! Why? Because the restructuring left them with $250 million in tax loss carry forwards. What happens to REIT's that don't pay dividends? They go in the toilet, nobody wants them.
So it's trading at $9.30 right now, and the book value is $8.25. Starting in Q1 '06 they should show a profit, and will start paying a dividend again.
At that point the value of the stock will rise back to historic levels, it should not be selling for book value it's a great chain and now has great management but like I said nobody wants a REIT that doesn't pay a dividend. It should be worth at least $12.50/share next year and will pay out approximately a 5% dividend on that $12.50/share price, which would be an effective yield of ~7% on the price today, as operations and cash flow continue to improve I believe our effective yield in as little as 3 years from now could be 10% on the dividend, along with a 35% increase in the price of the shares this one is a home run.
La Quinta Corporation (LQI) and its controlled subsidiary, La Quinta Properties, Inc., is one of the largest owner/operators of limited-service hotels in the United States. Based in Dallas, Texas, the Company owns, operates or franchises more than 590 hotels in 39 states under the La Quinta Inns(R), La Quinta Inn & Suites(R), Baymont Inn & Suites(R), Woodfield Suites(R) and Budgetel(R) brands. For reservations or more information about La Quinta Corporation, please visit http://www.LQ.com .

bran987 said:*Pats self on back
Blackstone Group Buying La Quinta for $3.4 billion, ~$11.25/share
bran987's basis - $8.22 baby!!!
http://finance.yahoo.com/q?s=lqi
37% gain in 8 months.
http://www.globest.com/news/410_410/dallas/140029-1.html
Now if I can just get Taser to recover lol
Patience is the name of the game for us though, right bud?sawastea said:Nice job. Great turnaround especially it was dead for the last 5 mths.
bran987 said:Patience is the name of the game for us though, right bud?

Code3 said:How long do you want to keep the stocks. Long-term with growth or short-term?
Short-term: NXTM, NUVA.
Code3 said:Longer: JBLU: good things to come for old blue!!

Code3 said:Some info on NUVA. The guys who started the company came from Medtronic. Super smart guys.
NUVA is a spinal implant company with some really great products. #1 fastest growing implant company. 5 new products in 1 year. Great potential....
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