• Shane Blackmon
    $OMX .... i hope followers were brave enough to add after $SPLS blow up. $OMX technically looks great and catalysts setting up
    8/17/12
    Reply (16)
    • mitrado: No freakin' way. After $SPLS, you bet I won't be touching another retailer over the next decade or so. :-/
      8/21/12
    • Shane Blackmon: You can't make a broad statement bc you got hurt in $SPLS. Had you been reading my articles i've stated i hate $SPLS.
      8/21/12
    • mitrado: Oh, sure I can.
      8/21/12
    • mitrado: $SPLS is the 2nd largest retailer. Gives a dividend, has profit margins (unlike AMZN) & trades with such a ridiculously low P/E.
      8/21/12
    • mitrado: No way I'll invest in the other retailers. I'd have to be suicidal for that.
      8/21/12
    • Shane Blackmon: $SPLS was trading at 3.5x tangible book value in a declining industry, $OMX was trading at .5x tangible, rising EPS estimates, and new divy
      8/21/12
    • Shane Blackmon: it's all about expectations... $OMX is beating the bar, $SPLS disappointing + they have Europe exposure.
      8/21/12
    • mitrado: $OMX dividend is too ridiculous for me. With the Portuguese tax system, the state & the bank will keep 90% of the dividend, so why bother?
      8/21/12
    • Shane Blackmon: well then why were you in $SPLS for the dividend?
      8/21/12
    • mitrado: I wasn't in SPLS for the dividend at all... but the dividend they give still reaches my pockets, after taxes and comissions.
      8/21/12
    • mitrado: However, I'd rather invest in a stock without any dividend than in a stock that gives 0.08% or some ridiculous value like that.
      8/21/12
    • Shane Blackmon: you know its about 1.5% dividend for OMX? but the story is the huge buyback coming in the next 6 months from sales of non-core assets.
      8/21/12
    • Shane Blackmon: the buyback is likely going to be 25-35% of the total shares outstanding. tangible book is really $11, you should read up on the company
      8/21/12
    • mitrado: Nah, thanks. After SPLS I won't risk money in another retailer. At this moment, I see a much better play in SPPI, AMRN and shock: even NOK!
      8/21/12
    • Shane Blackmon: well i'll mark this and we'll look at omx,sppi, nok and amrn at end of year... and see which does best
      8/21/12
    • mitrado: Ehehehe! :-D
      8/21/12
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