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 While the four of us run this little website for fun....we are all out to be billionaires. With that in mind we decided to pool together a small amount of money ($100 for now. You were expecting more?) to invest in a stock(s). How we'll divy it up at the end, who knows? Maybe we'll have an arm wrestling tournament and the winner will receive all the profits. Maybe, suspiciously, three of the members of Cobra Brigade will pass away...leaving the money to the sole survivor of the group? Anyways, Buck Rampage, our financial advisor, is in charge of making all stock related decisions and today we become owners of.....STEC. Official words from Buck Rampage:
I've finally selected a stock that will soon make us billionaires. After much deliberation I have selected.............STEC Inc. I know, it sounds exciting and it is! I believe I bought 12 shares @ $7.71 per stock. I'll have to check tomorrow at the beginning of trading hours to know exactly what the asking price was on the stock. So, with that and the $7 trading fee I spent $99.52. Let's call the $0.48 my own personal trading fee. Below is a synopsis of the company.
STEC, Inc., formerly SimpleTech, Inc. designs, develops, manufactures and markets custom memory solutions based on Flash memory and dynamic random access memory (DRAM) technologies. Prior to the divestiture of the Companys Consumer Division in February 2007, STEC also designed, developed, manufactured and marketed open-standard memory solutions based on Flash memory and DRAM technologies and external storage solutions. STEC specializes in developing high-density DRAM memory modules and high-speed, high-capacity, solid-state Flash drives and memory cards used in sensitive and highly volatile environments. The Company offers a product line, including Flash and DRAM-based memorys.
Yep, that's why we have Buck doing the work on this one. He knows what all of that is, whereas I just say...where's my money*? Maybe we'll have Buck give you guys some updates if it turns out that you don't totally ignore this post. As always, we are open to being mocked and to suggestions of other stocks to buy in the future.
* I know what I'm doing, too. I got in on Google very early in the game.
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8 Comments
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2008 Cubs Preview
I like it...P/E ratio of 22 is pretty good...1 yr est of 8.50, I like the growth, buy now...let'r ride! Up to 8.08 this morning!
take us to the top STEC! take us to the top!
Just checked, it is on the low end from the 52 week high of 13.57! Love to see that, so it shows us the potential!
you got to know when to hold em
know when to fold em...
love it
You guys are cute. Still investing in American companies, eh?
You would be better off investing in a globe, and finding "Asia" on the map. China, India... that's where the money is at. Emerging markets and all that....
I tried, i tried. I have some money in a company in Peru, Paine had some ideas on emerging energies but we decided to go with this one and see what happens.
Feel free to give us some 'insider' tips though...
I have no concerns keeping the money domestic in this instance. The technology development field is the only area where the us is still a major contender. You will note they dropped their consumer division which is the kind of fat trimming I like because they will not have to depend on seasonal purchasing to satisfy the bottom line or spend money to push products into retail outlets. As far as "emerging Markets" go, those are strictly based on the purchasing power of a nation's middle class. Countries with breaking economies like china and india are busting out in raw materials (in the case of china and india) and outsourced service jobs. To invest in such things you have to have vast amounts of capital to purchase things like raw metals and paper and plastics which is something we dont have. If we are going to make money it has to be in businesses that are selling goods back to those markets, and the middle class purchasing power I want simply isnt there. People believe that China's middle class is coming along because they have more cars now and they are becoming more capitalistic, but that is deceptive. Any Stat Department official will tell you that the middle class in China is not growing in volume because the Chinese are not allowing poor people to have more money, they are allowing their already small middle class to have more money. There is finite difference there. For us to invest small amounts of money in China and come home winners we would have to find a consumer entity with a place to go, but those businesses will top out in the next year or two because the division of wealth in China is not changing, only the allowable limits of wealth for those that already have it. As for india, well, their regional concerns make it an unstable market to say the least. The entire southeast asian market is a sham. Burma is an example of why you cannot trust the burgeoning market of southeast asia. Ten years ago people were saying that the next great location for cocacolonization was Vietnam, and that they were on the upswing. Where the hell did that go? It leveled off is where it went, and as long as they don't discover diamonds or gold or oil that is where it will stay.
In short, I am very comfortable with our investment at this point and look for a future in diversification in the next two quarters. Soon I hope to see the Cobra Brigade name cast as far as wind turbines for the homeowner and after that I think we will look into playing the monetary exchange markets, see if we can't make some hay off of the euro or the fluctuating price of gold. I see us as a very robust entity at the moment.