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So anyone here interested in buying VRX down 90% in the last year

Posted on 3/21/16 at 2:55 pm
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 3/21/16 at 2:55 pm
I know lots of allegations emerged that it was a big scam but this was a monster, multi billion dollar pharma company that was $250/share less than 12 months ago and its $28.xx today. Many a fund manager has lost a fortune on it and including some of the best investors around. Anyone have any insight on this name and whether its buyable down here or is this a complete dog headed to zero.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 3/21/16 at 6:12 pm to
quote:

Many a fund manager has lost a fortune on it and including some of the best investors around. Anyone have any insight on this name and whether its buyable down here or is this a complete dog headed to zero.


Sure, I have solid insight that I'll be happy to give away for free.
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 3/21/16 at 6:24 pm to
Ok please let me know your email address so I can paypal you $5 for your insights.
Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 3/21/16 at 7:44 pm to
If you really can't resist and want to take a shot at it just buy some lotto calls. Don't buy the stock. Too risky IMO.
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 3/21/16 at 9:45 pm to
OP, is this your old screenname?

LINK
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 3/21/16 at 10:08 pm to
Posted by windshieldman
Member since Nov 2012
12818 posts
Posted on 3/21/16 at 10:29 pm to
I just remember thinking you said something about used to post and couldn't remember screenname. I remembered you in dividend thread
Posted by saintforlife1
Member since Jul 2012
1321 posts
Posted on 3/22/16 at 8:09 am to
How's the gas station business? Also Visa did great the past couple of years. PM not so much though.
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 3/22/16 at 9:09 am to
quote:

How's the gas station business?


Dabig, you branded or unbranded?
Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 3/22/16 at 10:39 am to
Branded, all exxon stations, business is better than ever margins really expanded this year following the oil crash, it was phenomenal till about 2 weeks ago, since then gas rose 50% give or take. Its still great just not as incredible as nov-feb. PM stock has done great its near $100/share and the dividends included you should have done fantastic. Visa has done great too. I have no complaints in my portfolio. I actually took a nice stake in shake shack this morning at $33.75.
This post was edited on 3/22/16 at 10:44 am
Posted by GeeOH
Louisiana
Member since Dec 2013
13376 posts
Posted on 3/22/16 at 12:19 pm to
Cool. I was asking because I am a partner with First Data in a company I own and I specialize in unbranded locations to handle their processing over the Buypass platform/setup/..etc

I know you get hit by Exxon on that end, but nothing I can help with if branded.

Posted by dabigfella
Member since Mar 2016
6687 posts
Posted on 3/22/16 at 1:33 pm to
Correct, we're basically on a credit system with landmark and what happens is they tally all my weekly gasoline purchases and then my credit cards and then we settle the difference, either they pay me or I pay them which is rare, like sometimes if all 5 stores get a load of gasoline on the final day of the billing cycle, but no I don't close batches at the end of the day or anything like that.

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