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


To: Paul Senior who wrote (66390)2/3/2021 4:28:31 PM
From: Lazarus  Read Replies (2) | Respond to of 78748
 
Dont forget Paul -- SKAS did reach a high of $7.00 in 2019, so there was opportunity to cash out shares and ride freebies -- also they did distribute .50 cent per share dividend -- I think last year.

As for USNU -- its been kind of a mutt. nevertheless, good stock structure, no dilution, and with cash on hand and very little dilution --- a good penny stock for speculation.

I think the best bet for UNTN is a buyout and believe the FDIC would frown on anything under BV.(and anything over 2x book) I've done well with many small regional banks... with several of them being bought out. Here's a commercial they did recently and posted on FB

As for long holding times - yes.

I mentioned this stock -- SPND -- to you in 2002 when it was trading ~ .28 cents. I believe me lowest cost shares were purchased ~ .15-.18 ~1998 and averaged up. I was probably adding when I mentioned it here. I averaged up all the way to .60 cents. I told my brokers about it - lots of others too -- and nobody seemed to find it attractive. IT EARNED .13 PER SHARE FOR 2 YEARS AND WAS STILL TRADING FOR .28 CENTS

It took the runnup in oil prices to get attention

I went back into the stock last year when oil prices plunged.

20 YEAR CHART



To: Paul Senior who wrote (66390)2/3/2021 4:37:28 PM
From: Lazarus  Respond to of 78748
 
Also Paul - dunno how old you are and wont state my age but will say I'm closer to 70 than 60 (six kids and now 13 grandkids) and I still buy penny stocks with 3 - 5 year time frames. I've held some as long ~ 20 years.

I sit on a lot of "dead" money.

Until it rises from the dead (like my namesake).