- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
PM yikes
Posted on 11/21/13 at 8:50 am
Posted on 11/21/13 at 8:50 am
Why is PM down over 5 bucks in the past two days??
3
Posted on 11/21/13 at 8:51 am to Mercy Percy
Thatbigfella sold all of his shares
Posted on 11/21/13 at 8:54 am to Mercy Percy
Downgraded growth outlook for 2014. Now neutral.
Posted on 11/21/13 at 9:05 am to Bear Is Dead
So what are thoughts on this stock?? Keep it?
Posted on 11/21/13 at 9:24 am to TheDiesel
quote:
Thatbigfella sold all of his shares
Posted on 11/21/13 at 9:27 am to Mercy Percy
I'm very near my stop loss criteria. I'm conflicted. I still believe in the underlying stock, but I am reconsidering my current position.
Posted on 11/21/13 at 9:30 am to Mercy Percy
Im keeping it. Will probably wait to see how it looks over the holidays and buy more if it drops.
Posted on 11/21/13 at 10:12 am to TheDiesel
wonder if ole boy is still fricking with those puts on PM.
Posted on 11/21/13 at 11:27 am to southernelite
i will probably grab some more on the way down and move my average. still a good long term stock with solid yield.
eta: IMMFHO
eta: IMMFHO
This post was edited on 11/21/13 at 11:28 am
Posted on 11/21/13 at 11:58 am to TheDiesel
quote:
Thatbigfella sold all of his shares
Where has that guy been? He fell off the map.
Posted on 11/21/13 at 12:33 pm to Cmlsu5618
I'm keeping mine... think longer term
Posted on 11/21/13 at 12:42 pm to Cmlsu5618
Probably hanging out with all the high rollers in Miami.
I will say that he put in a lot of time explaining his dividend strategy and it was interesting seeing it from a different perspective.
I will say that he put in a lot of time explaining his dividend strategy and it was interesting seeing it from a different perspective.
Posted on 11/21/13 at 1:42 pm to TheDiesel
quote:
I will say that he put in a lot of time explaining his dividend strategy and it was interesting seeing it from a different perspective.
I was aware of the strategy, generally, but his use of real world examples, and some of the tools he referenced (dividata.com, for example) have been very helpful to me. I also bought PM, not necessarily on his recommendation, but his argument for the stock was solid.
Still is - nothing has changed about the fundamentals, it's just a little down from where I bought it.
Posted on 11/21/13 at 1:53 pm to Ace Midnight
I bought it for the dividend play and am up huge in it!! I guess I shudda sold some on the way up!!!
Posted on 11/21/13 at 2:31 pm to Mercy Percy
Because it's coming back to reality.
The company is being priced like a growth stock when the reality is that it is in one of the most mature industries around. Extrapolation of the growth of non addicted lower class moving to the middle class with the smoking rates of the pre-addicted middle class in America is assinine.
The company is being priced like a growth stock when the reality is that it is in one of the most mature industries around. Extrapolation of the growth of non addicted lower class moving to the middle class with the smoking rates of the pre-addicted middle class in America is assinine.
Posted on 11/21/13 at 2:38 pm to TheHiddenFlask
quote:
The company is being priced like a growth stock when the reality is that it is in one of the most mature industries around.
Not overseas it isn't. What you're saying is true about MO, but not about PM.
It might be short-sighted to assume that overseas smoking will grow at the rate it did in the U.S. from 1920 to 1980, but I can assure you that smoking rates for ages 15+ outside the U.S. are nearly 100% - limited primarily by cost and availability. Shocking stat for Americans, with our almost 40 year anti-smoking crusade in our history (I am a rabid, anti-smoking advocate myself), but there it is.
So, let's not pretend the U.S. smoking market is the same as the overseas smoking market.
Posted on 11/21/13 at 3:15 pm to Ace Midnight
Like that.
An excellent case can be made, but it's phony, IMO.
Add in the weak handed nature of the yield pigs that have inflated the price and this stock is set to get crushed in a rising interest rate environment.
An excellent case can be made, but it's phony, IMO.
Add in the weak handed nature of the yield pigs that have inflated the price and this stock is set to get crushed in a rising interest rate environment.
Posted on 11/21/13 at 3:47 pm to TheHiddenFlask
quote:
Add in the weak handed nature of the yield pigs that have inflated the price and this stock is set to get crushed in a rising interest rate environment.
That is a factor against getting too heavily into PM, I would agree. I still think the stock is a relative bargain in the $80s, but the recent drop in price shows growing disagreement with that sentiment.
This post was edited on 11/21/13 at 3:56 pm
Posted on 11/21/13 at 3:54 pm to Ace Midnight
i saw it as an opportunity to diversify, but i did already have MO in the portfolio.
i am fine with some fluctation.
hope it doesn't crash though. don't think it will.
i am fine with some fluctation.
hope it doesn't crash though. don't think it will.
This post was edited on 11/21/13 at 3:55 pm
Posted on 11/21/13 at 3:58 pm to donRANDOMnumbers
quote:
am fine with some fluctation.
I am, too. If the price drops, the yield goes up, and I get more shares with my reinvested dividends - if the price goes up, my position value goes up - I don't get as many shares.
It is dollar cost averaging of the dividends, and I'm fine with that, as long as the 30 to 40 year trend line is up, I'm good - I bought this stock to provide a supplemental income in my 60s and 70s.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News