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

To: Spekulatius who wrote (64698)	8/26/2020 10:54:25 AM
From: Paul Senior	Respond to of 79123

Yes, averaging down on the losing position. Bringing up the number of shares I hold.

To: Spekulatius who wrote (64698)	8/26/2020 12:17:25 PM
From: Madharry	Read Replies (1) \| Respond to of 79123

losing a bundle on gtx this am. company released a befuddling note.. saying gosh leverage is too high , we are violating financial covenants so we may have to either convert debt to equity and or wipe out shareholders. of no update on status of their lawsuit against honeywell. ranting but always annoyed when company's release these negative announcements without shedding any new light, all it does is tank the stock and discourage any new buyers until they figure something out.whenever i see something like this i always suspect that they are doing this so they can reprice stock options at a lower price. years ago some scummy biotech company put out a pr release with negative news . the stock tanked from $20 to $4 . within a year the company released very positive news about a new drug they were developing and the stock completely recovered. after the fact management repriced all their options at the absolute lows for the share price.

To: Spekulatius who wrote (64698)	9/2/2020 7:00:14 AM
From: Spekulatius	Read Replies (1) \| Respond to of 79123

re CVS - I recently averaged down on my slightly loosing position in CVS. Stock seem cheap and the company is executing quite well with their stores (COVID-19 rapid test clinics, Minute clinics). Their blather care insurer Aetna had a gangbuster quarter because utilization for health care the pandemic was low, which is good for insurers. Of course this will not stay this way, but it still great for CVS and thy used some of the cash flow to pay down more debt. FWIW, their FCF yield on equity exceeds 10% right now. So unless it is a melting icecube, this stock is very cheap.