Spirit Stock
 

Look at our stock, more than a a tenth of Spirit’s valuation has been wiped away today...Dang Coronavirous and Bernie. But I guess it’s all of the market.

I wish I knew how to short sell stock before today...

Do not put any serious amount of your investments in company stock. That’s as near an ironclad rule as you can find in investing. And I LIKE Spirit both as a company and an investment, and it is doing well, but not diversifying and instead putting all your retirement eggs in one basket is as stupid as only wiring one AOA sensor to your MCAS when you could have just as easily wired in both. You create a single point failure problem and are a single bird strike away from having to wrestle with a potential catastrophe.

The irony of your statement is that Spirit Aerosystems, which has nothing to do with us, is tied to the 737 Max fiasco. It’s been shown that bad news from Boeing on several occasions has prompted sell offs of our stock by funds who conflated us with the other aviation company named Spirit.

Get ready to buy! Folks panic sell then its time to make money! I'm talking about the market as a whole.

^^^THIS^^^

People, who say you can’t buy stock in your own company make me scratch my head . A good stock is a good stock. Period. The misnomer is that it’s ‘putting all your eggs in one basket’...... its widely accepted that if a huge percentage of your savings in your own company is risky. It is. And not prudent . Ask folks at Enron. There are several articles on the subject. However , buying a great stock , like I think spirit is, is prudent investing. Picking up, 200/300/400 shares against a $500,000 portfolio is like 5% of your portfolio. Hardly a life crushing amount if it tanks. Even 1000 shares is less than 10%. Plenty of folks at Amazon, google, Nike, etc , have made a fortune buying the company they know. Risk tolerance , savings amount , nest egg size, are all factors , but I personally feel owning your own company is completely acceptable, as long as it’s a minor portion of a diversified portfolio. Like most things, just keep it Within reason. I also feel at such a cheap price.....the growth, trajectory, balance sheet, momentum this company has... it’s a screaming buy . I only own 300 shares... wish I had the ability to pick up another 1000..

I bought april 32.50 puts at 40. Wait til WHO declares COVID a global pandemic. DOW below 25k? Good chance.

I’d largely agree - at 5-10%. What I said was

Serious amount depends on the person. We all agree 80% of your portfolio in your own company stock is risky . Dumb. The perfect amount is subjective. I’m just saying I hear guys say they heard Cramer or some uncle say “don’t own company stock” . That’s a misnomer , and if it’s a good stock in your opinion, buy it . In my opinion spirit is a fantastic long term play. Let’s make a little money

Which airline stock took a huge dump toady; SAVE, LUV or DAL?? Which stock has a strong balance sheet with gobs of cash? Which stock pays a dividend and is decreasing their debt? I know which airline stock I’d put my money into, and it’s not the company I work for. And, I’m avoiding the whole sector, so moot point....