I am seeing very limited discussions about RYCEY on Blind, so I thought of bringing it up again. The stock seems like a great opportunity now! Brexit, the new and old COVID strains did take their toll on the stock, but based on my limited research it still has fantastic prospects when things start going back to normal. Thoughts? I bought some already, but now debating if I should buy more basically...
Go all in. If there was ever a time to see a 6x (at least) opportunity, it's right here. Maybe it will take a few years, but I can wait a few years knowing my investment will be worth 1 million post tax
Rolls Royce is old school car. Millennials these days are after Teslas and such to save the environment.
RYCEY is about aircraft engine, this area won’t make profits until late 2022. It’s ok to buy dip, but be prepared to wait for a long tome to rebound.
Only if you’re ready to wait for +3 years
Hold* not wait*
Haha my bad 🤦🏻♂️
Tons of outstanding shares. 0 insider trading. That’s one to many red flags for me
What is the price to get in at? The last morning* update put it's fair value at 1.20. it's at 1.6 now.
Depends on if you think it will fall to 1.20. for me 1.6 is low enough, just waiting for money to free up before I unleash another salvo
Yeah it has been stable at 1.6 for a while. It jumped to 1.72 when the Brexit deal news was out, then came back to 1.6
Where are you buying it?
Ameritrade. Fidelity won't let me
Same.
Glad to see RR getting some discussion. I’ve been keeping a close eye on the stock. I bough 20,000 shares at 1.60 and with the drop to 1.48 this morning, I bought an additional 30,000 shares. They raised 9 billion and aren’t at risk for insolvency. They had time to work on and fix the issues with their Trent 1000 engines (the only upside of grounded planes during Covid). And most importantly, they serve a strategic military interest for the UK. Planning on buying another 50,000 shares within the next month. I spent a long time doing analysis on RR and I feel very confident that the stock price will rebound to at least 2.20 by mid 2021 (if they keep their 8 cent per share dividend) and to the 4-5 dollar range by 2022 with a chance to go as high as 8
All time low today
Are you buying?
Just bought 2k
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How patient are you going to be ? It's going to take time to rebound imho