Per Jim's request, I am pulling Korea Electric Power Corp. The company provides power to nearly the entire country of Korea and is citing increased fuel and coal costs as the reason behind their first quarterly loss in 26 years. I don't want to speculate how quickly they will turn the corner, but note that I brought their name up as a "watch" when we met early this month and they were priced at $12.50/s. As of this blog entry, they are dipping to $8.33/s.
My motion is to purchase 12 shares of the company at the current price and plan to unload it before the end of the calendar year at a target price of $9.60/s (a 15% return).
2 comments:
Per Joe's request, my vote is to leave our cash in a money market for the time being. Sorry for the delay...
oh and sweet email by the way - way to be positive and motivating, nice work.
On a posotive note, Evergreen Solar is up 30% today!!!!
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