 |
|
03-13-2009, 03:21 PM
|
#1
|
Senior Member
Join Date: Jan 2008
Location: Big Bear Lake, Ca
Posts: 915
|
Is it time to buy stocks?
AIG is $0.45, Monaco is $0.045 and Fleetwood is $0.007 not to mention a lot of other bargains. Monaco and Fleetwood are both in Chapter 11. I think all three including companies like Ford are going to survive. 10,000 shares of Fleetwood is $82. It just seems like a good time to go out there and pick up some good bargains.
Question is which RV builders do you see surviving? Fleetwood is dropping trailers. Which of the chassis manufactures do you see surviving?
__________________
2004 CRV TOAD/1990 WRANGLER TOAD ROCK BUILT
|
|
|
 |
Join the #1 RV Forum Today - It's Totally Free!
iRV2.com RV Community - Are you about to start a new improvement on your RV or need some help with some maintenance? Do you need advice on what products to buy? Or maybe you can give others some advice? No matter where you fit in you'll find that iRV2 is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with other RV owners, see fewer ads, upload photographs, create an RV blog, send private messages and so much, much more!
|
03-13-2009, 03:45 PM
|
#2
|
Senior Member
Monaco Owners Club
Join Date: Apr 2006
Location: Morro Bay, CA
Posts: 818
|
Quote:
Originally Posted by Forest Grump
AIG is $0.45, Monaco is $0.045 and Fleetwood is $0.007 not to mention a lot of other bargains. Monaco and Fleetwood are both in Chapter 11. I think all three including companies like Ford are going to survive. 10,000 shares of Fleetwood is $82. It just seems like a good time to go out there and pick up some good bargains.
Question is which RV builders do you see surviving? Fleetwood is dropping trailers. Which of the chassis manufactures do you see surviving?
|
There is a reason that the financial pros are happy to sell you their shares at these prices. Remember, for every buyer there is a happy seller.
__________________
Luke and Kathy & Bootsie kitty, Morro Bay,CA
2007 Diplomat 40' SFT
2013 Honda CR-V "More is the enemy of enough."
|
|
|
03-13-2009, 04:08 PM
|
#3
|
Senior Member
Join Date: Jan 2008
Location: Big Bear Lake, Ca
Posts: 915
|
"Financial Pros" ???
Real people play in the market too. Many people made fortunes during the Depression by buying smart. Apple financed my 10 year early forced retirement. There are some excellent bargains out there. The concept is to buy low sell high and right now it is pretty darn low.
__________________
2004 CRV TOAD/1990 WRANGLER TOAD ROCK BUILT
|
|
|
03-13-2009, 04:08 PM
|
#4
|
Senior Member
Workhorse Chassis Owner
Join Date: Dec 2004
Location: Baraboo, Wisconsin
Posts: 1,728
|
Many times the shares for sale are from the company itself to raise capital. I agree there are some bargains out there, the trick is picking the future winners out of the ones that won't exist in the future.
__________________
Steve & Nancy 
2005 Itasca Sunrise 33', W20 Chassis, Ultrapower, Henderson Trac Bar
2012 Chevy Captiva Sport AWD, ReadyBrute Elite Tow Bar, Blue Ox Base Plate, Protect-A-Tow
|
|
|
03-13-2009, 04:12 PM
|
#5
|
Senior Member
Join Date: Jan 2008
Location: Big Bear Lake, Ca
Posts: 915
|
Ummmm, you bought a new motor home recently, right? How does it's present value compare with your purchase price? The professional dealer was happy too huh?
Buy and sell smart.
__________________
2004 CRV TOAD/1990 WRANGLER TOAD ROCK BUILT
|
|
|
03-13-2009, 04:20 PM
|
#6
|
bnb1313@aol.com
Monaco Owners Club
Join Date: Feb 2008
Location: Western Montana on the Divide
Posts: 1,561
|
Monaco is $.06 had been delisted and now on OTC pink slips. I'll pass.
__________________
Bob Retired Army Traveling alone now, had to put Charlie the Beagle down :(.
2008 Camelot 40 PDQ 4 slides ISL400 towing a 2020 1500 GMC Sierra Denali 4x4 Crewcab
Western MT in summer, AZ, NV in winter
|
|
|
03-13-2009, 04:23 PM
|
#7
|
Senior Member
Join Date: Jan 2008
Location: Big Bear Lake, Ca
Posts: 915
|
The question is do you think Monaco is going to survive and if so is not 6 cents a good buy? Obviously if it's below $2 it is going to be delisted.
__________________
2004 CRV TOAD/1990 WRANGLER TOAD ROCK BUILT
|
|
|
03-13-2009, 04:45 PM
|
#8
|
Senior Member
Join Date: Mar 2007
Location: Virginia
Posts: 807
|
I bought enough Coachmen and Fleetwood stocks to have fun with, but I doubt if I will get rich. I have considered Thor and Winnebago as well.
__________________
**********
2022 Gulf Stream Envision 21QBS pulled by a 2021 Jeep Gladiator Mojave
|
|
|
03-13-2009, 04:54 PM
|
#9
|
Senior Member
Monaco Owners Club
Join Date: Nov 2008
Location: Melbourne & Marathon, Florida
Posts: 1,537
|
If Monaco and/or Fleetwood survive, in bankruptcy, the common stock is almost always wiped out and they start fresh. If you buy either now, you have about a 99.999% chance of getting nothing. You might be better puting the money in a slot, the odds are actually better.
On the other hand, their are some potential good buys, with some risk, but they have greater potential, like GE. On the other hand, if you put a million dollars in CDs in 1998 you would have more money today than if you had put a million dollars in the DJIA. Who would have thunked it?
__________________
2005 Safari Cheetah 38PDQ - 2009 Ford Flex
Me (Gatogonow), The Boss (DW), Honey Bunny, Maggie May and Mollie Kay (The Gatos)!
|
|
|
03-13-2009, 04:58 PM
|
#10
|
Senior Member
Join Date: May 2008
Location: On the Road
Posts: 324
|
Mr. Grump,
The only thing anyone can say with any sort of certainty about investing in the stock market is it takes equal amounts on smarts and luck. Smarts means you have spent some time looking into the likelihood that the company will do well. The luck part is that the company actually does do well. Those things that make sense in reality don't necessarily make sense in the market. Especially now. There are no absolutes.
On the other hand, some throw a few dollars into the wind hoping they return with friends. That's called unbridled optimism.
Follow your gut. It's as good as anything right now. If you want to cast a few dollars to the Monaco or Fleetwood winds, the cost is surely low. You may lose it forever, or you may break even or even do well. Only the gods know for sure.
Now that I have clearly answered your question, let us know what you decide to do.
Steve
__________________
'07 Bounder Diesel 38N
'08 Jeep Liberty Pusher
|
|
|
03-13-2009, 05:12 PM
|
#11
|
Senior Member
Join Date: Jan 2008
Location: Big Bear Lake, Ca
Posts: 915
|
Quote:
Originally Posted by Jim Stewart
If Monaco and/or Fleetwood survive, in bankruptcy, the common stock is almost always wiped out and they start fresh. I
|
This is true most certainly for a liquidation but Monaco and Fleetwood are both hoping to survive and restructure.
__________________
2004 CRV TOAD/1990 WRANGLER TOAD ROCK BUILT
|
|
|
03-13-2009, 05:27 PM
|
#12
|
Senior Member
Join Date: Jan 2008
Location: Big Bear Lake, Ca
Posts: 915
|
Here is my current shortlist. Some I expect to survive others I do not. Some are for fum and some are serious. But with the DJ being at a real low - it is time to look.
GE
GM
F
C
AIG
DOW
CAT
MMM
JNJ
MSFT
JWN
CSCO
NOK
JAVA
AXP
LVS
MGM
HMC
FLTWQ
MCOAQ
I bought 6 companies yesterday, for 2K and I am up $320 if I were to sell today. I bought those companies that I thought would survive the current crisis and are at or near their current lows. I put in an order for 10,000 shares of Fleetwood because I could not resist.
I started in the market when I was in grade school. I bought Illinois Bell which AT&T later bought out. I kept it till I needed it for my 2 girls education.
__________________
2004 CRV TOAD/1990 WRANGLER TOAD ROCK BUILT
|
|
|
03-13-2009, 05:58 PM
|
#13
|
Senior Member
Join Date: May 2008
Location: On the Road
Posts: 324
|
Quote:
Originally Posted by Forest Grump
This is true most certainly for a liquidation but Monaco and Fleetwood are both hoping to survive and restructure.
|
And I truly hope they succeed.
Steve
__________________
'07 Bounder Diesel 38N
'08 Jeep Liberty Pusher
|
|
|
03-13-2009, 06:09 PM
|
#14
|
Senior Member
Monaco Owners Club
Join Date: Nov 2008
Location: Melbourne & Marathon, Florida
Posts: 1,537
|
Quote:
Originally Posted by Forest Grump
This is true most certainly for a liquidation but Monaco and Fleetwood are both hoping to survive and restructure.
|
A chapter 7 is liquidation, a chapter 11 is reorganization. In a chapter 11, the debts have to be restructurered if possible, it usually does however mean the common is wiped out in a case like Monaco and Fleetwood where there are few assets verses their liabilities.
I did buy another 500,000 shares the other day at $.04 and sold them the next day at $.06, they have not hit $.06. Yes, a profit, but not a fortune. It doesn't get me even for those I bought at $.63!
__________________
2005 Safari Cheetah 38PDQ - 2009 Ford Flex
Me (Gatogonow), The Boss (DW), Honey Bunny, Maggie May and Mollie Kay (The Gatos)!
|
|
|
 |
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
Search this Thread |
|
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|