Friday, September 30, 2011

Football

For all those football fans out there, I hope the Tigers and the Gamecocks (and the Wofford Terriers) play well tomorrow because the market was ugly today.  I'm not going to harp on why (EUROPE) or try to make sense of the why this or why that, but I will tell you what I'm doing. 

Stated simply I'm buying the heck out of the following stocks (and by heck I mean I'm buying a TON of stock in the following companies).

Yahoo at $13.20/share - too cheap especially in light of the fact that the company is on the block to be sold or broken up
Etrade at $9.15/share - the company is up for sale..and when (not if) they get bought out, it will be for around $16-$18/share...that's a lot of money to be made when that transaction takes place
Sallie Mae @ $12.45/share - the business portfolio that they have is worth around $20/share...ridiculously underpriced

Yahoo, Etrade and Sallie Mae are my three favorite stocks right now and I firmly believe that if anyone owns stock in these three companies, they will make a great deal of money before the end of the year. 

Yahoo/Etrade/Sallie Mae - too good to not own