Either Credit Suisse will go bankrupt, or it won’t. But let’s assume for a moment that it won’t. Then at what point would it be worth rolling the dice, and a picking up a few shares? It’s now around $2 a share.
Just thinking out loud here.
Don’t invest more than you are prepared to lose. At $2 a share, does not seem like a whole lot of risk.
RE: let’s assume for a moment that it won’t. Then at what point would it be worth rolling the dice, and a picking up a few shares? It’s now around $2 a share.
If you believe that Credit Suisse survives and they have learnedd their lesson, then you might want to consider the history of Citigroup.
At their peak in 2006, they hit about $57 dollars a share. Then when the Mortgage Crisis hit, their stocks dropped all the way down to less than $2 in Feb. 2009. By April 2010 after the Fed rescue, the stock bounced back to over $4.50. It subsequently went on a 10 to 1 reverse stock split on March 2011, so $4.50 became $45 per share. It has since been trading in the mid $40’s and has not moved much.
Suffice it to say that if you had the foresight to buy Citigroup at its lowest point during the heifght of the mortgage crisis and held it for over a year, you would have doubled your money.
Now, Credit Suisse is no Citigroup. Credit Suisse’s shares has gone NOWHERE BUT DOWN since the mortgate crisis and CONTINUED GOING DOWN for over 13 years. It is NOT a good company to invest in unless you really want to gamble for the short term.