And even 40 from here won't match the potential of what I have my money in now. I thank you for the tip.
Hey, Richard,
Don't be bashful! I shared my tip, CD, now you gotta share yours!
BTW, as far as CD goes, $63 mil is pocket change, either way. I think they've got something like 853 million shares out there, with a float of 657 million. Estimated income next quarter, 19 cents a share. What's $.19 times 657,000,000? Or is it 853,000,000?
Institutions and pension fund managers routinely pick up or sell a hundred thousand shares of this stuff the way you or I would trade a thousand shares of CSMA, unless your pockets are a whole heckuva lot deeper than mine.
I reiterate: CD is a cash cow. Its franchises include Ramada Inn (131 new hotels going up this year), Motel 8, Century 21 (agents' fees going up to 7% this year from 6%), Avis car rentals, a viable Internet play, and so on. Bad karma and inside profiteering ain't got nothing to do with it. A good, vibrant economy does.
At $20 a share, CD is still a screaming steal.
Sorry to eat up CSMA bandwidth.
Bootz |
