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Right now the ocst per share is like 20 cents. I was thinking about throwing like $500 bucks at this stock just to take a gamble. I'm by no means rich but I won't be homeless if I lose the money.
What would you do?
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I'd buy a gun. Investment-wise?
Buying WCOM (or WCOME) doesn't make any sense to me. When you buy stock, you should either be buying for the dividend, or buying for future growth. WCOM has no dividend. Anything it earns will go to service its massive debt. It's in a really competitive industry. It totally overcapitalized itself, buying way more network equipment than it can use, or that there is demand for.
This company is dead meat on a stick. Why in god's name you you want to own it?
If you want to buy something with upside potential, look at small unhedged gold producers like Harmony Gold, Durban Roodeport, or GSRSF, a small exploration comapany. If not for speculation, look at buying them as a sort of insurance policy if the financial system starts falling apart, and investors seek a safe haven. They'll go straight to gold. You'll clean up.