mallarde

Point of No Return or Perfect Buying Opportunity?

Who cares about hitting the top again? If it recovers half the loss you double your investment in, perhaps, 2 years or so.

I have ridden WB down from an average investment of $27 or so. I hold on because I see the stock recovering to the low-$30s, in a good scenario. This would be a great outcome for me after taking a large hit.

The question in my mind for WB is -- after you write-off the bad loans (taking a worst case scenario view), is that company a good value based on its core business? What are the cash flows of its core business? They seem to be growing at a healthy pace. The brand is strong and they have retail outlets all over the country.