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Stocks
Mar 13, 2009 0:12:35 GMT -5
Post by Rickie Miyake on Mar 13, 2009 0:12:35 GMT -5
Well here's another post to try and fill up this wimpy little forum.. so what do you think of the stock market these days?
One stock I bought recently was WGO (Winnebago). The company that makes those road-blocking RV's. Why? Because the price sank so low that it looked like a bargain to me.
Sure, the economy is bad now, but when it starts to recover, so will WGO. In a big way. They are the kings of RV's; their financial position is still sound; most of their top management is OLD. Haha, is that a good thing? I think it is. They seem pretty conservative and know how to run a company. Sure, they stopped paying dividends but that should be temporary. They also took pay cuts - now don't you find that admirable that executives would actually cut their own pay in response to economic conditions? That is so refreshing. Yet where does all the bailout and stimulus money go? To the companies with greedy execs who would just as soon put their grandmothers inside of a used icebox than take a pay cut.
Anyway, that's fodder for another topic, but basically I like WGO and think it is going to recover in a big way within the next 1-5 years. I can wait.
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