Wednesday, August 11, 2010
And You Can Take That To The Bank
When we were taking Theta Mutual real estate acquisitions, BoA was a 60% profit for us. Now, they are down to 20%. We are chillin, sittin on about half a million (ok, a few hundred) and I think it makes sense to pony up and grab another 15 shares of BoA. It currently sits at $13.40 and we own it for an average of $11.03/s. The motion is we set a buy at $12/s to bring our ownership total to 12.6 shares each. This is the stock that we seem to have unanimous long-term confidence in. It's also the same company that, in the start of the recession in spring '08, we bought and sold in the low $30s. Let's scoop it up like a ground ball and keep the conservative portion of our empire climbing. Do I hear a second?
Subscribe to:
Post Comments (Atom)
2 comments:
$12/share? If we think it's going to hit that, we should sell our current position off!
Sidenote: Patience paid off - we picked up CTB for 18.50 today.
That's why we don't jump the gun. We are also about 10 cents shy of picking up AXAS for 2.5 a share - it sits now at 2.60...
Post a Comment