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Friday, June 30, 2017 8:47:53 AM
Banks should be considered a "hold" if you have some in your portfolio. There are still some values in the community bank space. Personally, I have to replace FOFN.
I still have not owned this company. By not buying when 56Chevy brought it to our attention was probably a mistake. However, it ran up and then down. I prefer to buy businesses when they are down. Determining how low is low enough can be hazardous to one's portfolio.
I do prefer oil service businesses to small E&P companies. Several have made trips through Chapter 11. I believe oil prices have to stabilize above $50 for me to sink funds in oil or related businesses.
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
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