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The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

dxmnkd316 said:
Took it on the chin today but I'm not terribly concerned about 3M even after today's report. I think it's an overreaction by the market. Stock dipped into oversold territory today brushing 30 on the RSI. (Even though I don't believe in technicals as the only reason to buy or sell.) I think the fundamentals are still good and I like them in the long term. Nearly all of the divisions did well just not nearly as well as the predicted estimates.

What I didn't like is the general tone it sets for the economy (both domestic and international).
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EPS is up year-to-year despite a slight drop in revenue, they've taken on a little more debt and I'm not THAT wild about it, but the dividend looks very safe. I know the same thing happened with Verizon, so I set up the ladder. Perhaps, if you are looking to buy a little more, it's a good time to set up a ladder.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Days like this don't worry me. It's days like we experienced throughout October 2008 that worry me.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
EPS is up year-to-year despite a slight drop in revenue, they've taken on a little more debt and I'm not THAT wild about it, but the dividend looks very safe. I know the same thing happened with Verizon, so I set up the ladder. Perhaps, if you are looking to buy a little more, it's a good time to set up a ladder.
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They addressed their short term debt today in the Q&A after the earnings call. Especially those bonds that are approaching maturity.

They also have a pretty low debt-to-equity ratio compared with the industry. Honeywell, Dow, United Tech, and Cat all have ratios twice that of 3M. 3M is also lower than PNG, In the cast of Cat, it's 6x 3M. GE is at 9x 3M. In fact, I'm really, really struggling to find anyone with the D2E ratio lower than 3M in their industry among the large cap companies. So I think the debt is actually well under control and much lower than the vast majority of large cap industrials/techs/chemicals.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

dxmnkd316 said:
They addressed their short term debt today in the Q&A after the earnings call. Especially those bonds that are approaching maturity.

They also have a pretty low debt-to-equity ratio compared with the industry. Honeywell, Dow, United Tech, and Cat all have ratios twice that of 3M. 3M is also lower than PNG, In the cast of Cat, it's 6x 3M. GE is at 9x 3M. In fact, I'm really, really struggling to find anyone with the D2E ratio lower than 3M in their industry among the large cap companies. So I think the debt is actually well under control and much lower than the vast majority of large cap industrials/techs/chemicals.
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Among large cap, true. I would have said American Eagle Outfitters... 0%. ;) I decided to hop out since the price was right for me.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Wow, I got HAMMERED on one of my earnings reports. A litigation settlement with MKSI caused the stock to tank, and now analysts think they'll break even for Q4. My plan was to stick until January's reports, and I stand by that. I knew tech was going to go down in Q3 (although not by this magnitude), so I'll play the trend.

EDIT: Just some pre-market panic. I'm looking better now, although not out of the water. Good thing I pulled off my panic sells. Note to self: Remain disciplined in this game.
 
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Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Kirby Corp. (KEX) will replace Overseas Shipping Group in the transportation sector of the Dow Index after close of trading on the 29th.

I'm not 100% sure I like the move for my company, however I can say that through this recession, we have actually made a few major acquisitions and have done quite well in a sector that has struggled overall, IMO. I may have to look at making an additional purchase above what my 401k contributions get me with company stock.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

hockeyplayer1015 said:
Kirby Corp. (KEX) will replace Overseas Shipping Group in the transportation sector of the Dow Index after close of trading on the 29th.

I'm not 100% sure I like the move for my company, however I can say that through this recession, we have actually made a few major acquisitions and have done quite well in a sector that has struggled overall, IMO. I may have to look at making an additional purchase above what my 401k contributions get me with company stock.
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You want to be careful with company stock, because if you get laid off, it's actually a double whammy. Not only do you lose your job, but you're likely to lose a considerable amount of money from your investment as the stock price will likely tank. Stay diversified.
 
FlagDUDE08 said:
You want to be careful with company stock, because if you get laid off, it's actually a double whammy. Not only do you lose your job, but you're likely to lose a considerable amount of money from your investment as the stock price will likely tank. Stay diversified.
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Well, I suppose it is a good thing that we have never laid off a single worker since being founded in 1921 then, huh?

I'm already pretty diversified in my 401k, slightly aggressive but I can afford to do that since I expect to work atleast another 25 years.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
You want to be careful with company stock, because if you get laid off, it's actually a double whammy. Not only do you lose your job, but you're likely to lose a considerable amount of money from your investment as the stock price will likely tank. Stay diversified.
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The only company stock I have comes from my 401(k)'s matching and profit sharing contributions. It's where the company stashes the money, for better or worse. Thankfully, it's not done badly and the company's financials are still very strong.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

St. Clown said:
The only company stock I have comes from my 401(k)'s matching and profit sharing contributions. It's where the company stashes the money, for better or worse. Thankfully, it's not done badly and the company's financials are still very strong.
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I've noticed a lot of companies do that. Are you allowed to move it after the fact?

Where I work, they used to do that, however once they found that people were moving it out of there anyway, they changed the rule so that you could have the company match go anywhere. I stick with S&P 500 for the most part.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
I've noticed a lot of companies do that. Are you allowed to move it after the fact?

Where I work, they used to do that, however once they found that people were moving it out of there anyway, they changed the rule so that you could have the company match go anywhere. I stick with S&P 500 for the most part.
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We can move the match money, but there are some time restrictions. For the time being, I'm not worried about the company stock; we're a strong company and I pay attention to our quarterly financials with my stock position in mind.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Panasonic is getting destroyed today:

http://www.businessweek.com/news/2012-10-31/japan-stocks-swing-from-gains-losses-on-china-panasonic

Panasonic fell 19 percent to 416 yen, its biggest decline in at least 38 years. The electronics maker said its loss may widen to 765 billion yen in the year ending March 31, citing weak demand and restructuring costs. Analysts surveyed by Bloomberg News had expected a loss of 24.7 billion yen. The projection for the second-highest loss in its history prompted Panasonic to say it won’t pay a dividend for the first time since 1950.
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Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

A new diversification play for me, AWR (American States Water Company, obviously a utility) reported some kickass earnings. I find out next Wednesday how awful SB did.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Fiscal cliff is imminent. We will see a massive sell-off in the second to last week of December.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Almington said:
That should provide some nice buying opportunities for those who don't panic.
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Actually, it'll end up being something closer to what we saw with the Flash Crash. People will be selling the long-term to lock in the lower rate for gains, but then quickly turn around and buy something else, and will probably be a boon for non-dividend success stories, such as GOOG. Remember that they can't re-buy the same thing for 30 days, because of the wash rule.

We can employ the same lesson that we learned from the Flash Crash: set up a limit order ladder.
 
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FlagDUDE08 said:
Actually, it'll end up being something closer to what we saw with the Flash Crash. People will be selling the long-term to lock in the lower rate for gains, but then quickly turn around and buy something else, and will probably be a boon for non-dividend success stories, such as GOOG. Remember that they can't re-buy the same thing for 30 days, because of the wash rule.

We can employ the same lesson that we learned from the Flash Crash: set up a limit order ladder.
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Exactly, it's about being proactive about what you want to do, not reacting to market moves.

That said, if people are truly concered about the fiscal cliff, they will be moving their money out of the market and that should provide some good buying opportunities.
 
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