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Non-Tech : Kirk's Market Thoughts
COHR 181.67+2.4%Dec 5 9:30 AM EST

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To: Gottfried who wrote (3306)8/10/2015 11:13:08 AM
From: Kirk ©   of 26710
 
Yeah, my joy increases when what I own goes up in value be it from reinvested dividends or pure capital gains.
excerpt:
My largest stock holding is IBM Corp. (NYSE:IBM), and I'm happy about that. And, when the price drops, my joy increases, because I am a net buyer of IBM stock and therefore it's been impossible for me to lose any real money.
Hmmm. I guess the guy is unaware of "mark to market" accounting for calculating net worth.
You cannot lose if you don't sell and the business doesn't go bankrupt, especially if you're collecting dividends.


Perhaps it is the sign of a bottom and a good time to buy back some IBM when articles like that get posted. It is as if they are trying to purposely discredit the stock.
116 comments. All the proof I need much of what is written on the internet is to garner hits.
That is a great table showing share count vs time. I like how it looks like over 80% of the buybacks came at lower than current prices so those with the dividend make holding IBM probably better than holding cash.

At a forward PE roughly of 10... it isn't a bad buy here. Maybe I should start reinvesting dividend again. Jeeze... all my shares are college graduate age, purchased between 1992 and 1994.

I sold some at ~$180 in late 2011... and still have a fairly large position paying a nice dividend, but I've been spending the dividend and using my cash to buy other stocks when they dip into buy zones.

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