Itching to dump amazing stock

T

taojaxx

Stock returned 20% CAGR over the last 5 years, has low correlation with the rest of my holdings, trades at an incredible 6 PE: checks all the boxes except: been going nowhere since I bought it a few weeks back.
I'd hate selling a 6 PE stock with stellar track record but it's costing me margin interest day after day after day with ZERO price appreciation: keeps trading around my cost. Mostly couple of bucks below (for a $225 stock). Irritates the heck out of me.
Views y'all? Keep it? Junk it?
 
taojaxx said:
Stock returned 20% CAGR over the last 5 years, has low correlation with the rest of my holdings, trades at an incredible 6 PE: checks all the boxes except: been going nowhere since I bought it a few weeks back.
I'd hate selling a 6 PE stock with stellar track record but it's costing me margin interest day after day after day with ZERO price appreciation: keeps trading around my cost. Mostly couple of bucks below (for a $225 stock). Irritates the heck out of me.
Views y'all? Keep it? Junk it?
More...
PXD?
 
ABG has the low PE and aprox the 20% CAGR
It also has 30% drawdown every so often and dropped over 60% during the last meltdown.

Protect your capital!!
 
"I tried. Freaking Nikkei has been stuck at 32,500 for weeks. Going nowhere since June. Better stuff elsewhere."

You seem to have answered your own question.
 
taojaxx said:
Stock returned 20% CAGR over the last 5 years, has low correlation with the rest of my holdings, trades at an incredible 6 PE: checks all the boxes except: been going nowhere since I bought it a few weeks back.
I'd hate selling a 6 PE stock with stellar track record but it's costing me margin interest day after day after day with ZERO price appreciation: keeps trading around my cost. Mostly couple of bucks below (for a $225 stock). Irritates the heck out of me.
Views y'all? Keep it? Junk it?
More...

You are so shy to provide all relevant information.
 
You're looking at long term fundamentals but looking for a return within weeks.
The expectations seem to be the problem.

I like long term, good deals on stocks, but I also recognize that the reason they're such a good deal in the first place is that for some reason the market doesn't like them. It might take a year or two to turn opinions around and see the price go up.
 
engineering said:
You're looking at long term fundamentals but looking for a return within weeks.
The expectations seem to be the problem.
More...
Don't think that is his problem.

This is his problem:

taojaxx said:
I'd hate selling a 6 PE stock with stellar track record but it's costing me margin interest day after day after day with ZERO price appreciation:
More...
Bought with borrowed money, no staying power.

For me if I am that anxious, I get out.
 
deaddog said:
ABG has the low PE and aprox the 20% CAGR
It also has 30% drawdown every so often and dropped over 60% during the last meltdown.

Protect your capital!!
More...
Think you nailed it - ABG

Pathetic 100k ADV. Why even bother?
 
Last edited:
You must log in or register to reply here.
Back
Top