Quote:
Originally posted by hellcat:
I've been looking at Walmart. They've gone down recently because they got hit fairly hard by Katrina but the earning per share are pretty low. Sales have been increasing just not at the same rate as in the past. This is a company that will be around for a while and now seems like a pretty good time to buy at a decent price.
Asking for stock recommendations/picks without talking about the investment style is pretty worthless though. Are you looking to hold for a few months and sell? Day trading, etc. Or for long term growth potential?
|
only $.01 a share is due to hurricane charges. long term price targets are at $57, so a $10 uptick.....but the problem is it will take a lot of shares to make it worth your time to invest in WMT.
For me, I typically don't ook to hold for the ling term with most of my equities. I will buy an indexed fund for LT holdings. Otherwise, I try to pick value and buy on a dip if I can and then sell when I think the stock has hit a peak.
For my long term equity holdings, I buy for yield. I re-invest the dividends and therefore my # of shares will grow. I always hope the stock will appreciate, but I don't worry about short term losses.