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Strategies & Market Trends : Turnarund Investing -- Ignore unavailable to you. Want to Upgrade?

To: batman10023 who wrote (1141)	5/12/2012 8:07:14 PM
From: bankbuyer	Read Replies (1) \| Respond to of 1876

Re "spend it all too quickly in 2008". . Was fortunate to have funds. All 08 money was deployed in mid Q4 and then in early 09 another chunk. So it worked out well, What I learned from the meltdown was the number of weak bank managements, the cyclical companies that carried too much debt as a rule and the forced selling thru margin/collateral calls that can take equity to absurdly low levels. I have tried to help the less astute realize their equity is called "common" stock for a reason. Some still refuse to look and understand the balance sheet and the debt maturities, covenants. They dont realize a blown covenant can cost them most everything if they hold common. You are a "basher" to them.