To review. Here were the 8 picks for ’08: Final results, call it a 1.5 out of 8…
1- Sherwin Williams (SHW) gets a bid from a potential buyer
Not yet……although I still think in 2009 this will happen…
2- The US WILL NOT slip into recession
We do not know for sure if we technically will have until sometime in January (2 consecutive Q’s of negative GDP growth). I think one would have to be foolishly optimistic to think we avoided it though.
3- Citigroup (C) does not cut its dividend and does not break it self up.
ERRR. Citi cut it dividend on Jan 15th and again in October. I did not , however, break itself up…although it should…
4- Google (GOOG) purchases Sprint (S)..
5- Dow in June 2008, 13,600. In December 2008, 15,200
In May it hit a post prediction high of 13,058 before retreating back into the 12,000’s. Then…..oh never mind…
6- Oil crosses $100 in January and does not retreat below it. By December 2008, it sits at $135
Well this was right in that on Jan. 2nd, oil did, if ever so briefly hit $100 a barrel. It did retreat below it hitting $90 the same month. By early April the price hit $120. In May it reached $133. By October with recession fears and margin calls abounding, it hit $75 and fell into the 60’s by the end of the month. In December oil ended in the $40 range.
7- Apple’s (AAPL) iPhone does not sell 10 million units before the end of 2008 without another price cut to $299.
This summer Apple indeed cut the price as sales slowed to a crawl…to $199.
8- President Mitt Romney is elected saving all investors from a catastrophic tax increase.
Mitt dropped out of the race on Feb. 9th, ending what would have been an investor’s dream. Barack Obama was elected the 44th President
Disclosure: Long Citigroup, Sherwin Williams.
4 replies on “ValuePlays 8 for 2008: The Results”
Todd did you repurchase Citigroup stock.I see that you are long it above.
As I said before follow the big boys,,,Carlos Slim, Prince Waeed, Ken Heebner and Carl Ican all bought large amounts of Citigroup stock recenly.
TODD ARE YOU LONG CITI.
no but was at the time the predictions were made