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re: Reccomend some buy and hold stocks
Posted on 7/15/15 at 3:41 pm to Omada
Posted on 7/15/15 at 3:41 pm to Omada
Thanks for your insight Omada.
My cost basis on Ford is around $15.50
For some reason I picked it as a dividend stock. I hope to buy a good bit more if it dips below $14 again. What should I know about it being cyclical?
My cost basis on Ford is around $15.50
For some reason I picked it as a dividend stock. I hope to buy a good bit more if it dips below $14 again. What should I know about it being cyclical?
Posted on 7/15/15 at 3:59 pm to bayoubengals88
Peter Lynch described Ford, and other car manufacturers, to be cyclical in his book One Up on Wall Street. But they aren't cyclical in the usual sense; most cyclicals have higher revenues and profits during a certain part of the year. Rather, car manufacturers are cyclical like the market. They suffer when the market goes down because people become frugal and don't buy new vehicles, and when the economy gets good again, people start buying lots of new vehicles.
My personal opinion, which could be very wrong, is that we are beginning to see a downtrend for car manufacturers. Whether that is due to a market correction coming or the economy not really improving, I can't say. But it seems that those companies are great to buy when the market is down and sell when it is booming.
My personal opinion, which could be very wrong, is that we are beginning to see a downtrend for car manufacturers. Whether that is due to a market correction coming or the economy not really improving, I can't say. But it seems that those companies are great to buy when the market is down and sell when it is booming.
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