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Re: Spitznagel Blasts 'Buy-And-Hold': "It's More Like Hope & Prayer" From Here  

By: Decomposed in POPE IV | Recommend this post (4)
Mon, 12 Mar 18 6:36 AM | 96 view(s)
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Msg. 45479 of 47202
(This msg. is a reply to 45477 by Zimbler0)

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I think the point of the article is that buying ANYTHING at today's prices is foolish, unless it's being done as a trade. All the long-term holds, including your p/e-of-15 Dominion, are going to be crushed in the next year or two.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months


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The above is a reply to the following message:
Re: Spitznagel Blasts 'Buy-And-Hold': "It's More Like Hope & Prayer" From Here
By: Zimbler0
in POPE IV
Mon, 12 Mar 18 5:35 AM
Msg. 45477 of 47202

Decomposed > Based on that reasoning and Dominion's stinky performance compared to Amazon and Google, you really ought to be recommending Amazon and Google today. Why aren't you?


By the way, De,
Do you remember what happened to Yahoo in 2000?
And all the other dot.com companies . . .

I don't really understand Amazon or Google's
business model . . . But I understand the power
company. They make a product I buy and pay them.
(Along with a lot of other people.)

Dominion Resources pays a dividend - meaning I have
two ways to make money from it. (Capital Gains, and
dividend checks.)

Looks like neither Google nor Amazon pays a dividend.

As you pointed out, D has a P/E ratio around 15.

AMZN (Amazon) P/E ratio is 256.
GOOG (Google) P/E ratio is 64.

I forget which year it was, but Dominion had sold a
subsidiary called East Midlands - I think over in England.
And D's P/E ratio went over 40 - which worried me. Compared
to Yahoo's P/E of well over 1,000 . . . Well, I found YHOO to
be terrifying in comparison.

So, to be truthful, no dividend and an obscenely
high P/E ratio says "Don't Buy This Zimmy!" (to me).

Zim.


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