Originally Posted by
SailorRob
"I look at a stock as a business. Other people would look at it and say, 'Well, the stock hasn't done anything for a few years.'Who cares whether the stock has done anything for a few years? I don't care whether the price of my farm has done anything for a few years. I know that it can produce.So you've got to look at it as a productive asset and not as something that wiggles around on a piece of paper."
WB45c is arbitrary, last time the Sailor really filled his gullet was between 39 and 41 cents. Sold shortly after at 86.
So I'd prefer sub 45 thanks, or sub 25 if I can get. Hell I'd even take shares for free.
Currently I have been able to get my average (this round) below 80c but of course prefer much cheaper.
What are you asking about feeling the burn? Yep been hot and just had a kina cut so need to be careful in the Sun, nice not having to go back to work with everyone else I can tell you. This is purely because I have been able to purchase businesses with very LOW share prices to their ability to produce cash in future.