Quote:
Originally Posted by sik68
Thanks Greg, I hear you on this one. It's less than 1% of my holdings... most of my other stuff falls right in line with the philosophy on this thread.
I know the stock chart looks bad...my only 'defense' is that the fire sale yesterday got me digging into their financial statements. Their books look a fair amount better than the stock chart indicates. Buying SPLS is me trying to put on my Warren Buffet cape for a stock that I think is undervalued.
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As long as YOU are happy owing it -- that's all that counts. And like I said before and repeat often -- the person doing the buying needs to UNDERSTAND why they bought, and WHAT they bought.
It just was a great example of -- in my opinion -- the opposite of what kinds of stocks we've been discussing here so I had to use it to show why.