Quote:
Originally Posted by GregWeld
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.
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I know it's all about best-of-breed, and here I go buying underdog!
Just my thought process...basically I'm 30 and need to learn a thing or two. If it bombs, You
me
I should also mention that although Staples does sound like a 'has been', they are the #2 online retailer in the world (yes, just behind Amazon). IMO, they are positioned very well for the future. Like everyone is saying, this is not a stock-picking thread...but I am bringing SPLS to the discussion because we all think we know an overvalued bubble stock when we seen one, but it's perhaps more worthwhile to think about good businesses whose stocks have tanked. Of course I don't know the future of SPLS, but maybe they aren't as washed-up as we thought, just in the dog house.