Jump to content

Investing in stocks


MrMeanGreen

Recommended Posts

Honestly, I wouldn't buy it. The reorganization process can take a very long time, and in the end they could just dissolve the stock and start a new IPO. That's why it's so risky to buy a company in Chapter 11. Look at Delphi. Look at Ford.

 

There are so many undervalued stocks out there right now that you should/could be putting your money into.

Link to comment
Share on other sites

Honestly, I wouldn't buy it. The reorganization process can take a very long time, and in the end they could just dissolve the stock and start a new IPO. That's why it's so risky to buy a company in Chapter 11. Look at Delphi. Look at Ford.

 

There are so many undervalued stocks out there right now that you should/could be putting your money into.

 

It's $100 and I know the company and industry. I put my money into it because I feel it'll be worth it, it may just take awhile.

Link to comment
Share on other sites

It's $100 and I know the company and industry. I put my money into it because I feel it'll be worth it, it may just take awhile.

 

I can think of a lot of worse things to invest $100 in, can you legally call it risk with only $100? Best case 6k, worst -100 dollars. :cool:

Link to comment
Share on other sites

I looked at the info on scottrade. It looks like a company in failure. Of course if you happen to know that someone is buying it or possibly buying it you could be ahead of the game. Its a very cheap stock and playing "darts" with $100 isn't a bad idea if you can afford it.

 

As an FYI Budweiser is down below $50 per share again. Lots of people expect it to soar past $60 per share and stay there for awhile once its bought by some other company in the next couple months. I picked up a couple hundred shares. At a loss at the moment, but good ole BUD don't fail to often. I'll probably sell in a few months or if I feel like it maybe I'll just take some quick gains and get back in on more bad market news:-)

 

Evan

Link to comment
Share on other sites

I have quite a bit in BUD aswell. They seem to be the strongest stock I have ATM through this down time. HET (Harrahs) just went private on Monday so I got 90$ per share which is OK I hoped for a much higher premium but oh well. I just reinvested that money I got into HBAN (Huntington) I have a feeling someone is going to buy them up and take it private within a year or 2.
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...