Rod
Market Veteran
- Reaction score
- 361
Anybody besides me like CC for a short term bounce?
Well, it did drop nearly 29% on Friday- at a 4 year low.
Although CC doesn't interest me, I'd say yeah go for it.
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Anybody besides me like CC for a short term bounce?
Well, it did drop nearly 29% on Friday- at a 4 year low.
Although CC doesn't interest me, I'd say yeah go for it.
LOL!!! That's a good one!:nuts::nuts::embarrest:Obama must have joined the NRA.![]()
I usually don't mention pink sheet stocks that have little history, but......Interesting individual find:
Check out Symbol "AETE"
Over the counter, on the pink sheets- but has some interesting play going on. Currently at 3.06 a share. Might be an interesting longshot high risk adventure.
CAVEAT EMPTOR 29-Jan-08 12:21 pm
These guys owe me and several others unpaid salary from previous ventures they launched and abandoned. AETE is another in a long line of shell companies formed by a guy from Dallas, TX. There is no proprietary technology, no proven commercial capability and no team of professionals leading this company. The CFO listed on the company info section on Pink Sheets say's he didn't even know they had him listed on it. This is a pure fantasy, with no substance or proven science to back up their claims. Before this, he launched Meridian Biorefining Corporation, which was another scheme to dupe people out of time and money. The alternative energy sector is full of pump and dump players like these guys. Gulf Ethanol is another one, Earth Biofuels is yet another. They all share a common theme, "all Hat and no Cattle". Don't risk your hard earned money on wildly speculative, no substance shells. There are plenty of legitimate alternative energy companies that will employ your investment to produce real results.
Obama must have joined the NRA.![]()
Interesting individual stock:
Ramco Gershenson, symbol: RPT
Owns commercial real estate in multiple states. I've known a guy who works there from my days in college- he's now a VP over there. I have owned this REIT (Real Estate Investment Trust) in the past, but I do not currently own any shares.
But, that said, I can't find any reason why it has tanked as far as it has in the last week.
Can anyone take a look at it, and provide a logical reason why it is trading at $3.72?
This should be a 12-15 dollar share, no brainer. Income is still coming in, it pays a regular payout, and earns around $1.60 a share. So why is it now trading at only 2 times earnings?
RPT- You tell me- why?
James,
I agree with Show Me. Also my 5 minute check shows that over 30% of the property RPT manages and owns is in Michigan. Who knows what will happen with the Automobile manufacturers but traders sell first and ask questions later... Right now they have a 93% occupancy rate in MI. Supply and demand could hurt their pricing power for years to come.
It does look tempting.
True- 30% of properties are in Michigan- but they are mostly in areas of Michigan where the auto manufacturers are NOT. And 70% of their properties are NOT in Michigan.
I still say it's tempting at this price. They pay a great dividend, and even if they drop from $1.85 a share to $1.00 a share, we're still looking at 4 X payout.
Food for thought, anyway.
Too bad I don't have a barrel of cash, because I am seeing some bargains out there.
If you need cash send your wife to the bank like I do - it's easy. I bought 12 stocks with money she delivered Friday evening.
I am afraid that if I sent my wife to the bank with instructions to bring me home a barrel of cash, she would later send me a post card from a beach in Suoth America.....![]()