What's up boys? Motorola stock took a big hit today as the company forecast a loss this quarter due to their increased spending getting the android smartphone out on the market. Despite the fact that the Droid phone sold very well, it did not produce the revenue that investors had hoped it would. When we purchased MOTO we were hoping that the droid sales would boost profits and the stock would rise after the holidays. Unfortunately, that didn't happen.
What are your thoughts on our next step with MOTO? Should we hold on and hope that they get their finances in order and the smart phone continues to sell? Or should we dump the stock, take a loss and invest in another security - News Corp?
http://www.blogger.com/post-create.g?blogID=7800821988700778743
Sometimes we swing and miss - its all a part of the game.
1 comment:
I agree with Jim. I think we should look into selling Moto and maybe increasing our position in say PWX which could see some more improvements after Obama annouced last night that he ius going to be spending 800 million dollars on railroads. Or we could all pick a new stock and have a vote...thoughts?
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