TimbaBear: re TASA. Looks too risky for me. Earnings are relatively poor over past years, generally steady rev. at about 2M. Now big 66% jump to 3M, but they are losing money. 22 employees. Can't easily see any reason for anyone to buy this stock from me at higher than current price I'd be buying now. Also, with these dollar stocks, I have real trouble trying to sell. Stock goes up 1/2 pt., I'm 50% ahead and thinking to get out. Yet, it's only 1/2 point, so I'm tempted to stay longer. Too long sometimes.
If Napeague guy recommends it, it may be a plus, as he seems to follow his picks long term and in detail. And yet if you've read some of my other posts you know I disagree with his methods and almost all of his choices - although I did like - and shoulda bot - Kaneb year or so ago :>( .
I think you have purchased too much of this co. given what I see as your portfolio in your profile. Too few stocks means too big a commitment in TASA. Again my opinion only, and there are other dissenting opinions being presented on this thread.
TimbaBear: in your analyses and travels, have you ever come across
POSNY? I am trying to get more info. on this company. This is what I have -from 11/03/97 Forbes: "(Lyon's) fund also owns...Peninsular & Oriental. (This company) owns Princess Cruise Lines, a vast real estate portfolio in the US and England and one of the world's largest container shipping lines." I like that "vast real estate" part -g-. But I can't locate any more info. Any help appreciated.
Thanks for those nice words... Paul Senior |
