Stock Portfolios V2

ElKarlo said:
Wells Fargo is pretty well run, as far as banks go. They didn't go full retard back in 04-07, so they didn't get as badly beaten. They seem pretty well run, and have a high efficiency ratio
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thanks. I will look at them.
 
Well I was wrong about PSEC. Cut its div 25%. Will stay and see. As I don't have much tied up in it. But wonder if they can at least sustain this level. For me it will still yield about 8% on cost basis
 
ElKarlo said:
Well I was wrong about PSEC. Cut its div 25%. Will stay and see. As I don't have much tied up in it. But wonder if they can at least sustain this level. For me it will still yield about 8% on cost basis
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Just came here to post this. I am not surprised, and I bet it tanks this morning.
 
MASShole said:
Just came here to post this. I am not surprised, and I bet it tanks this morning.
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Oh yeah, it will get ugly. They are reducing their future loans, as they can't get funding via new issues under NAV. Which means less but higher quality loans.

IBM and CSCO are teaming up. WHich is good for both. They can lean on each other and both bring a lot of tech and talent to the table. I really though IBM was a slowly melting ice cube. Good for them. Glad I never pulled the trigger
 
I bought IBM about 2 weeks too early, and am down, but it's one of those "hold for a very long period" stocks, even if it sucks for a few years. Big Blue isn't going anywhere.

Oddly enough, PSEC is about flat today.
 
Yeah, can't time things, so I wouldn't worry about getting in on the ground floor. Wish IBM would spend less on buybacks, and more on figuring out how to progress. ie hire and retain top level employees.

PSEC, well SA had a lot to do with that. If they aren't all liars, SA users alone bought 10s of thousands of shares, yesterday. Craziness
 
http://video.cnbc.com/gallery/?video=3000337608 hate to agree with him, but Cramer isright here. Activists should go after troubled companies like McDs, and leave ones that are doing fine like Pepsi alone.

UTX CEO was shameful, he should've gone the boot a long time ago. One reason why I chose HON over UTX
 
I think PSEC maintaining at 8+ is the appropriate correction. It's still 10% yield with the 8.333 cents a share. It already badly crush on Monday.

Oil is crushing big time this few months. I saw an article on Yahoo yesterday bringing up the similarities that commodities are behaving like in 2008. It might be just coincidence but 6 years of Bulls got to end right?

EDIT:

6c83dc8aad32e80e711b4184d9ce2135


Link to article:
http://finance.yahoo.com/tumblr/blo...has-followed-a-familiar-script-143618217.html
 
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Oil is whacked right now. But gold has been a bad idea for a while now.

Who knows? This market is way to hard to call.
 
If oil is bad right now does that mean we should invest in it? Or will it keep going down.
 
If I had extra funds I'd invest in oil right now.

XOM, CVX and COP would be my start.
 
What MAss said. The energy companies that have strong balance sheets will be OK. The smaller ones, with high production/extraction costs will die.
 
Among the bad news as of late, I've had some awesome news.
MMM one of my top 3 holdings just announced a 20% dig increase. Boeing my other top 3, just had a 25% increase. Yeehaw!
 
Sweet, glad I bought into MMM earlier this year.

All of my oil holdings went from high single digit gains to multiple digit losses. I'm ok though because keep those divs coming. The oil majors will recover, and I'll be better off when it happens. The only worrisome one I have is BP, but they have more than enough cash to offset the potential $18B judgment.
 
I am doing ok, thought 2 big losers in the Canadian market hurt. Mullen is down like 35%, around $2k, and Baricks is down about 24%, $1.5k.

I have about $8k on the sidelines right now. CND dollar is too low to convert to US right now, so I'm still looking at the Canadian market.

I like ManuLife, since I am underweight in financials.
 
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