Time to buy JOE

"...I was able to time my buys and sells perfectly at the peaks and troughs each time..."





So did John Corzine.

For a while.

OK, folks.... only 49 years left in my trade idea. So sorry the stock is at 15 and change for folks that didn't take the 70% profit that was available only a few weeks after my last recommendation. How many years does it take to make 70% in a CD now?


We're coming into that time of year again, where the stock can damn near double, from the point of my recommendation last year from 17 to 30 last February... In today's stock market volatility, this is the new reality.

JOE has been and will continue to be a dog company. The $338 million writeoff proves that they have been a dog for quite some time. The stock may go up and down and be good for some short term gains if you can play the timing correctly. However, in terms of a 50 year play. JOE will be long, long gone in 50 years.

Resurrecting this long dead thread. JOE now trades at 16 or so. Don't take investing advice from anonymous people on the internet...

Bump.... i like to check in on this every 10 years. Appears Joe is up 300 percent or so since i called Einhorn out for being wrong Nov 5th, 2010. Shelly, not sure if Intel is still selling personal computer chips i think they are. I'll check back in 2031, we'll know in 2060 which one was a better investment. in 2009-10, David Einhorn relied on junior NY based analysts who couldn't fathom that south walton would be a desirable location on the redneck riveria, they hadn't heard of it. I contend they were wrong at the time they said to short JOE. I wonder if they've covered their short yet?