why not just buy call options then?
I just bought 340 shares at 2.88chf each.
Iâll be back to brag about my gekko-esque gains, wait and see!
Or I shall never speak of it again. Delete this post. And deny any involvement.
Now thatâs what I call an Angel for Distressed Businesses Maybe you can make tax deductions for charity?
Right!
Iâll double check.
Iâll post in the tax deductions thread!
Call me greedy but I got myself today a cup of coffee and 5k of CS shares at 2.69/share My stockpicks âfunâ portfolio still had some margin up to the 5% I allow myself to play with.
Another excuse is that I need some more dividend generating stock to cover the extra 5 CHF swissquote custody fees starting from next year
does CS give dividends this year?
It did for 2022 but it looks like it did not in 2021 based on their website: Dividend & Swiss tax values â Credit Suisse
Theyâve paid out dividends every year âfor everâ, even during the Financial Crisis of 2008/9.
For FY 2020 paid out CHF 0.10 in spring 2021, for FY 2021 paid out CHF 0.10 in spring 2022.
At the same time they borrow funds at 10% interest from Saudi, Qatar etc. or raise capital by creating new stock (sold at a discount to big investors).
Ponzi-styleâŠ
Theyâre hoping for Santa Claus to bring them some cash, because theyâve been good guys this year
Wow, crazy stuff indeed!
Guys, I will give my 2c regarding the CS stock.
In Portugal we have one bank listed (BCP) which, when you zoom out, has lost 99.94% of its value.
It can always go lower. I had friends that only traded that stock because âitâs the largest bank in Portugalâ, âitâs going to be bought outâ, âIt will start paying dividends againâ.
What happened in reality was, losing a big % of your capital, losing nights of sleep and hours of your life researching news about this shitty bank.
So, you can try to rationalize it as you want (gambling money, whatever), but in the end, investing in VT or a S&P500 ETF will outperform CS shares and you will have less headaches.
Another thing, the share price is irrelevant.
If I cut a pie in 2 and give you 1 slide or I cut a pie in 4 and give you 2 slides, you have the same amount of pie in the end. The thing with CS is that itâs a shit pie no matter how many shares you buy
Nice chart comparison, I like to zoom out effect which is pretty scary I just donât think a worldwide top 100 bank in terms of size like CS compares with probably a national bank like BCP.
Because I am not really educated about this kind of product. Have to take a look. Thanks for the suggestion .
By the way, I havenât entered CS yet. I am waiting to see a green candle on the daily charts. No one care, but hey, so is life !
In order for CS to go bust, it would first have to lose its too big to fail status. The government could do that, but hasnât so far, and I imagine itâs a bit of a process.
P.s. I would consider a purchase of CS stock as a bit of a risk/gamble, since its intrinsic value is difficult to determine. But the choice here is between a CS stock and a coffee. Iâd take a lottery ticket over a coffee.
Thereâs a potential fallacy is in thinking âItâs price has now approached almost zero. But itâs too big to fail, so itâll survive. And eventually itâll make good money, its debt will decrease and therefore the stock will rise (from almost zero hopefully) to old heights.â
Is it too big to fail? Probably, at least from a Swiss perspective. Would there be political will to prevent it from failing uncontrolledly and save many or most of their operations? Probably.
But we donât know how that âpolitical willâ be carried out. Especially when the government gets involved and can make legal what needs to be made (even if normally and today it isnât).
From financial recapitalisation to a restructuring of their entire business or bankruptcy, thereâs many conceivable ways how it could be âsavedâ - and our stock still become nearly worthless. Maybe an entirely new stock gets issued or something.
The price of the stock is the least concern, even if only pennies or cents and not exchange-worthy. They can always reverse split to big up the price and be back in business.
Zooming out is a very fitting term.
Everybody can look up the current price of a CS share, and the long-term trends over the years have been posted further up.
However, no-one has spoken of the current price and price trend of CoC (the âCup of Coffeeâ). So here goes:
Basically CoC is at an ATH, and up 2.1% YTD. In the last 10 years CoC has risen 6.8%. We all know the trend is your friend, however I think Iâll wait for a pullback before opening a position in CoC.
"Café crÚme so teuer wie nie
Der Preis fĂŒr einen CafĂ© crĂšme stieg bereits 2022 so stark an wie nie in den letzten zehn Jahren. Konkret lag der Preis in der Deutschschweiz bei rekordhohen 4,39 Franken. GegenĂŒber 2021 sind das 9 Rappen bzw. 2,1 Prozent mehr. Ăber zehn Jahre gesehen stieg der Preis gar um 6,8 Prozent bzw. 28 Rappen. Zum Vergleich: Im Jahr 2012 hatte ein CafĂ© crĂšme noch 4,11 Franken gekostet.
Am teuersten war der CafĂ© crĂšme 2022 einmal mehr in der Stadt ZĂŒrich. Bei 4,68 Franken lag hier der Preis - das sind 6,6 Prozent mehr als im Deutschschweizer Durchschnitt. Nach Kantonen ist der Preis im Kanton Zug mit 4,62 Franken am höchsten. Es folgen die Kantone ZĂŒrich (4,58 Fr.), Luzern (4,45 Fr.), Aargau (4,38 Fr.) und St. Gallen (4,36 Fr.)."
Nice perspective rolandinho. Now if only that cup of coffee could be wrapped up in a coffee commodity future or stockâŠ
2.20-250chf in Ticino.
Update accordingly
⊠for the others, be aware that a CS share might cost like a coffee in Lugano and not in ZurichâŠ