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07-26-2020, 06:45 PM | #5746 |
MVP
Join Date: Jan 2007
Location: Missouri
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I personally agree, but when people who are not the normal gold pimping "sky is falling" type begin discussing it I tend to believe there is something to be gleaned from it. Even if I'm not smart enough to figure out what it is.
Has mid level land started to correct in your area? |
Posts: 8,670
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07-26-2020, 06:52 PM | #5747 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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99% of those retail companies that went bankrupt suck. Most didn't change fast enough or adapt.
Brooks Brothers??? How many people these days still wear a suit and tie? 2% of the workforce? JCPenneys fate was done once they hired a clueless technology guy to run a retail business. Ron Johnson killed JCPenney. SurLaTable-only one pompous retail store can over charge for kitchen wares like Williams Sonoma and that is Williams Sonoma. |
Posts: 52,396
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07-26-2020, 06:52 PM | #5748 |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Gold is good as a trade not an investment. It pays $0 in dividends and you essentially have to time it. I've never understood the gold trade from a panic perspective. It isn't like companies are going to simply go from accepting $'s to gold. There's no established commerce with gold and most people don't own any gold.
That doesn't mean there isn't money to be made in gold. It's trading up lately and peopel who got in are making $'s if they take their profits. But from a global "panic trade" perspective if the day ever comes that US $'s are no longer any good anywhere you'll do better owning seeds and crops and livestock than you will gold. |
Posts: 129,605
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07-26-2020, 06:53 PM | #5749 | |
Supporter
Join Date: Feb 2005
Location: Olathe, Ks
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Posts: 129,605
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07-26-2020, 07:05 PM | #5750 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
Valuation is a tough out in my part of the world. There is a lot of variability in soil type and since we are in the margins those differences are magnified, making true comparative sales difficult. Second there aren’t a ton of sales. So it’s really tough to get at, at least with a degree of confidence fat boy is comfortable with. But yeah. It’s backed off. To what degree is arguable. In point of fact, I’m about to have that argument with a landlord this fall. Yay me. |
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Posts: 57,834
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07-26-2020, 07:10 PM | #5751 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,834
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07-26-2020, 08:02 PM | #5752 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Posts: 46,112
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07-26-2020, 09:53 PM | #5753 | |
MVP
Join Date: Jan 2007
Location: Missouri
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Quote:
While my approaches on what is basically average land with average to below average soil tests have been received well, the bankers and the owners are not coming close when trying to make an offer on a smaller pieces. I kicked a few tires and the leases that come up for bid with each presidential election year are much softer than they have been in the past. It just doesn't seem to be making its way back to purchase prices though. |
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Posts: 8,670
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07-26-2020, 10:31 PM | #5754 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
My anecdotal perception is that landlords are buying land, not farmers as much. Owning land is certainly profitable, and I’m guessing it’s easier to come up with the cash whereas we have a lot of places for it. But yeah, prices are coming down, but not as much as I’d like or what puts me in the market for outside sales. |
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Posts: 57,834
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07-27-2020, 03:53 PM | #5755 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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So I've been thinking.
We're hearing about progress on vaccines. They're not here yet, but it seems like just a matter of time, right? If that's the case, then is there a fortune to be made in all of the battered cruise, airline, hotel, and tourism stocks? It might be a year away, but if we want to catch the full upside when do we start buying? It seems like the risk is buying and then having them go bankrupt before the bounceback, but there are probably a lot of companies that aren't at risk of bankruptcy in the near term. What do you say? Buy now? Soon? Or is it too risky to ever buy? |
Posts: 142,964
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07-27-2020, 04:08 PM | #5756 | |
Andy Reid Supporter
Join Date: Apr 2012
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Quote:
Think we can all agree that once a vaccine is confirmed the market will go up quite a bit just based on that news alone. There’s been a few 500+ pt days from vaccine news. I imagine confirmation will be very fun for investors. |
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Posts: 48,111
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07-27-2020, 04:45 PM | #5757 | |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
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Quote:
Yes. Buy the F out of known, strong companies such as Southwest (LUV). It may even be worth throwing a few bucks into struggling business like American Airlines (AAL). |
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Posts: 41,247
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07-27-2020, 07:38 PM | #5758 | |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,635
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07-27-2020, 08:29 PM | #5759 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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So who's guaranteed to survive until we're back to normal, and whose business model won't be permanently damaged?
There are three big cruise lines. I've read that NCLH is the weakest, and that CUK might be stronger than RCL. So CUK? In the airline space, is it LUV? I don't pay attention to the others, though I feel like LUV will survive if any of them do. Who in the hotel space? I've got MAR, which we know will survive. I've also got PEB, which worries me but it's down so far that I can't bear to sell it. I've got some LVS stock in the casino space. I have a hunch that it's going to survive, and I bet casinos will have a fast recovery. So where should we put our money to get rich? I'm thinking that MAR is a low-risk, high-reward bet. |
Posts: 142,964
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07-28-2020, 02:09 AM | #5760 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Everybody is touting gold.........SHORT IT!
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