Stock Musings
January 4th, 2006I’ve made my first addition to my portfolio in 2006 with the purchase of 26 shares of Starbucks(symbol SBUX). Trading at over 50 times earnings, SBUX is not cheap but investors are counting on growth outside of the U.S. to propel earnings. My short list of stocks to watch in 2006 are:
WIth the exception of Verizon, all of these stocks have already undergone serious gains in the past year and my bet is that they’ll continue to do so. I see Verizon as very cheap (it trades at 10x earnings) and I believe that their recent buildup of communications infrastructure (wireless and fiber) will eventually spur growth. I may check in on these picks in a year and rate my performance.I should note that of the stocks mentioned above, I only own SBUX.
January 23rd, 2006 at 5:23 pm
You must have an idiot brother-in-law who sells stocks for a living who told you to buy Starbucks. He probably uses some dog shit service like Sharebuilder too! Here’s a tip on that one: The Chinese don’t drink coffee……think about it……when was the last time you went to a Chinese restaurant and they served you free coffee instead of that awful tea they give away? This means that your global theory is bunk. 1 billion people can’t be wrong.
Here’s my advice: Stick with computers and the tech stuff and let the people who can buy more than 26 shares of stock play the market.
January 23rd, 2006 at 5:30 pm
>you must have an idiot brother-in-law
in a few months.
>let the people who can buy more than 26 shares of stock play the market
ouch.