Use access key #2 to skip to page content.

Woo Hoo, First 10-bagger!

Recs

11

July 10, 2013 – Comments (6) | RELATED TICKERS: NNBR , TEN , BAGR

Just a quick celebratory blog with a beer.

Over the past couple of days, NN, Inc (NNBR) has traded up around $12 per share.  Fortunately, I bought most of my current shares at $1.14 back in Mar '09, well below my CAPS pick start, meaning, 1.14 into 12, one, zero, carry 60 ..., ten-bagger!

For anyone tracking yield-on-cost, the new 6 cent quarterly div is a 20% annual yoc on those buck-and-change shares.

Single digit PE, just restored the dividend, recovering auto and industrial equipment means demand for bearings.  Looks like it may have room to run some more.

Not planning to add more, but happy to see if my little stack of shares will run further.

Fool on!

Russ

 

6 Comments – Post Your Own

#1) On July 11, 2013 at 2:39 AM, awallejr (81.55) wrote:

All I can say is Grats!  Despite the fact that Cramer tries to falsely claim that he called the so called generational low (no he didn't, let me repeat, HE DID NOT.  Doug Kass and even I beat him to it.) Wonder why Kass no longer is associated with Cramer.  Okay an aside rant. In any case, good job there Russ!

Report this comment
#2) On July 11, 2013 at 10:46 AM, elcid24 (71.86) wrote:

the new 6 cent quarterly div is a 20% annual yoc

The stuff of awesomeness...

Nice, man! 

Report this comment
#3) On July 11, 2013 at 11:07 AM, JohnCLeven (75.94) wrote:

Congrats, that's great to hear!

Cheers!

Report this comment
#4) On July 11, 2013 at 11:31 AM, tdonb (26.45) wrote:

Excellent work. I'll be watching what you add from here on out. 

Report this comment
#5) On July 12, 2013 at 9:01 AM, rd80 (98.29) wrote:

Thanks for the comments.

tdonb - careful watching what I add, my track record with recent CAPS picks isn't all that great.

Report this comment
#6) On July 13, 2013 at 12:16 PM, HarryCarysGhost (99.68) wrote:

Nice Man!!

I'll be having a belated celebration beer-

http://www.youtube.com/watch?v=yHAlHeCAYTs

(WARNING--- 2 Hr. clip above) but worth it IMO.

Cheers.

Report this comment

Featured Broker Partners


Advertisement