Seeking Alpha
  • techwonk
    Value investors: what was your best bargain on a long term purchase? How long did you hold?
    8/9/13
    Reply (10)
    • Energysystems: Don't know if it can be considered "long term"(I have a very long investment horizon), but buying into the $V ipo was quite fruitful.
      8/9/13
    • Energysystems: I still hold it, and unless something major arises, I always will. I like the idea of long term, be it 20-50 years.
      8/9/13
    • Hillbilly Stock Star: $NFG has paid divys for 111 years!
      8/9/13
    • Ocean Man: That's a tough question. I might have to say $NFLX from $3 in late 2002 to $39 in early 2004, but that might have been more hype than value.
      8/11/13
    • Ocean Man: Should I have held it longer? Less than a year later it was under $10 again, but 7 years later it was $300.
      8/11/13
    • Ocean Man: More recently it's $KORS. I've held it for a year and a half and don't plan on selling anytime soon, although I do trade around my core.
      8/11/13
    • Ocean Man: Part of that is that KORS is the most profitable stock I've ever seen to sell covered calls against.
      8/11/13
    • techwonk: Now there you go OM. I think a lot of people miss that part of the picture. Long-term covered calls can pay for the stock --
      8/11/13
    • techwonk: Then you're sitting on pure profits from dividends with no cost basis while you wait.
      8/11/13
    • techwonk: Thanks everyone.
      8/11/13