kinda getting into it and i realized this is a dividend stock. that turns me off.
yall into dividends?
Reason I don't like it is because something like eldorado is 10 bucks and it will be back to 50-60. IF i put in a mill hypothetically, i'd get 5-6 back
in something like delta, i'm getting 50-60k. that doesn't appeal to me.
People feel free to chimee in
FIrst off, don't listen to me breh... I'm just getting into this myself using basic common sense and what I've been reading. I'm kinda on the same path as you. If something was trading at $50-60 just months ago, now it's at $10-20.... It's time to buy low, wait, sell high. We all know why the drops are here. It's not like your normal everyday market, where you don't know why a stock is dropping or rising, unless you're informed. We all know why.
So the question to ME, is what do I believe will bounce back. We will always have to travel. American, Delta, etc are like the auto industry. No way the USA will EVER let them all crash. And Delta is the prime stock of airlines. They are predicting they come back the fastest, because of their cash/buyback policy was the best in the biz. They were already trading higher than American before this... They keep more cash than most and have the American Express deal. So I pretty much went with that. I also read, they are one of the only airline stocks that haven't/don't plan to freeze dividend payouts. So that was a plus.
Now between reading about airlines (I travel a lot so it spoke to me), it lead me to this thread and others on the net.. Pointing out low stock prices on things that are pretty much promised to come back.. Casinos definitely ain't going nowhere. They are like drugs. The addicts gonna pull up regardless. So I'm looking at MGM and ERI. Y'all got me on NRZ, although I'm not seeing how banking, real estate or anything involving it is SURE to come back...
But again... 1, I'm a rookie... And 2, I never did this, so I'm not into doing any real gambles here. I'm going for things that I know WILL open back up, at least by 2021 end. I know damn well the major 4 airlines and casinos gonna be straight... I'm trying to think of others. All that "regular day trading" that people would do if this never happened.. I wasn't into it before and I wouldn't be now. It's all too risky in my eyes.