RE: "Maybe it's time for you to come back here and tell us poor folk some more about your investing style."
I've moved through various styles of investing over the past 30 years. I started with the "buy-and-hold" mentality for individual stocks. After that, I went through the phase of short-term trading of individual stocks and rank speculation in naked options. Then came my "long-term market timing phase," which was followed by the "dollar-cost-average into growing companies" phase. (This method has been my most successful to date.) After that, I moved more and more into mutual funds. I am now moving into a "simplification" phase, where I am reducing the number of my mutual funds, stocks, brokerage accounts, etc. by placing an increasing portion of my equity allocation into index funds.
If you have any questions about my opinions of any of the investment styles or my reasons for moving on to other styles, please feel free to ask.
Throughout all of my investment style phases, I have had one big "sucker spot" - bottom fishing. I just can't keep away from trying to catch those falling knives.
Re: "From some of your earlier posts I sense that the chance of you EVER buying NAV is about 0."
I am currently a proud shareholder of Navistar. The stock went from over $400 (split adjusted) down to below $10. I made the purchase a few years ago, when the downside was negligible, when "it just couldn't get any lower." Of course, that was before the 1 - 10 reverse split.
I believe that some of NAV's major problems over the past couple of decades were associated with labor and pension issues. These issues, to a great extent, have been resolved. The P/E of 6 seems reasonable, and then there's always the chance that NAV could return to its glory days price of $400 per share.
Best wishes,
I2 |
