Quote:
Originally Posted by DBS.US
Normally I stay away from companies that have filed bankruptcy, but I did make a nice return on America Airlines after buying them six months ago after they filed bankruptcy. https://www.google.com/finance?cid=13640564 |
I look for companies that have more upside than downside. Google, for example, can lose 50% value (as it did a couple of years ago) as easily as it can gain 20%. AT&T (T) not only pays a healthy dividend, it has a good balance sheet and has been a steady earner for me since I bought it around $19, and again in the $20's.