Hello food4thought, Hope you are faring well.
I did post many times about cor's ability to come back year after year, and posted yearly highs and lows, going back many years.
I think cor had nearly 20 million in the bank back then and was falling into the .40's in an entirely different financing environment. A "screaming buy" were the words I used if memory serves. I was really a pain about it as I thought at the time that the sell off was REALLY overstated seeing how cor had funding in place.
No, I sure didn't see BAC, Citi, and so many others, falling so much, to say the least! I envy those that that saw it coming and went short early.
In years past I usually felt that there would be plenty of investors willing to take a risk on cor's promise, but now, with things as they are, I am not so sure.
If cor does reverse split, gets financing, sells off heavily, the capital markets improve, then I might think it looks great again. It's always fluid.
I will miss out if a deal is announced. Trying to be hunkered down and "prudent" at this juncture. Hopefully that will change soon as I like the challenge of active trading, just not with the bread money. We are also about to raise some cash specifically to begin picking up some larger, dividend paying "blue chips," if there are any left! Maybe a mutual fund with similar objectives at these beaten down levels instead. We will likely dollar cost average those funds over a year or two.
Back to basics for a while as there are so many beaten down stocks out there! If only we knew which ones might actually keep paying their dividends!
Take Care f4t.
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