Anybody Buying Yet? Where’s the Bottom?

[BuzzH]

That’s true.

Perhaps “value” would have been a better word choice than “money,” but those people are also chasing money- just in a different form (more dollars per hour worked, essentially).

Correct, believe it or not, there actually are people that value their time more than money.

 

[Treeshark]

Correct, believe it or not, there actually are people that value their time more than money.

Totally agree. I become one of those people more and more as the years go by.

 

[BuzzH]

And the majority would rather make an extra buck them spend time with their family.

That's a sad commentary right there.

Sure glad my Father didn't have that mindset. I may have had to wear sears tough-skins to school instead of levis, but he made every single one of my sports events and took us hunting, fishing, and camping every weekend.

 

[BuzzH]

Totally agree. I become one of those people more and more as the years go by.

I think the younger employees are just figuring it out a whole lot sooner...and good for them. Maybe they are actually listening to me.

 

[Nick87]

stable budgets have more to do with you spend money than how you make it, and time is no different.

So true.

 

[jryoung]

Enough on wages.

Who's buying the semi-dip right now?

@SAJ-99 you've mentioned Zoetis before, what are your thoughts at its current levels?

 

[Nick87]

That's a sad commentary right there.

Sure glad my Father didn't have that mindset. I may have had to wear sears tough-skins to school instead of levis, but he made every single one of my sports events and took us hunting, fishing, and camping every weekend.

It makes it aggravating at times. Some people will never figure it out either unfortunately they spend what they make regardless. Don't get me wrong I'm not Dave Ramsey but at a certain point it doesn't really matter anymore.

 

[Treeshark]

I think the younger employees are just figuring it out a whole lot sooner...and good for them. Maybe they are actually listening to me.

Yep.

Older people sometimes get butt-hurt by young people job hopping etc, but I think that is a fair reaction to changes in the company/employee dynamics seen over the last few decades.

Loyalty is a two-way street.

 

[Treeshark]

Who's buying the semi-dip right now?

Me. Always buying regardless of what the market is doing.

 

[Dave N]

The guy who gets it done in 30 usually gets rewarded with more work.

Been there!

 

[Dave N]

And more money (if he knows how to negotiate for himself).

Nope. Paid by the hour, not the work.

 

[Treeshark]

Nope. Paid by the hour, not the work.

Why would someone tolerate such an arrangement?

 

[Dave N]

Why would someone tolerate such an arrangement?

Union shop.

 

[Treeshark]

Union shop.

Couldn’t do it.

 

[Dave N]

Couldn’t do it.

Then you wouldn't have a job.

 

[Treeshark]

Then you wouldn't have a job.

Sure would! It’s a big world out there.

 

[Dave N]

Sure would! It’s a big world out there.

Not everyone can turn down a decent paying factory job because they can't negotiate better pay because of the union.

 

[Irrelevant]

I think we should start another thread so that people can continue to prove they don't know how to run a business, while telling people who do, how to run their business.

 

[noharleyyet]

I think we should start another thread so that people can continue to prove they don't know how to run a business, while telling people who do, how to run their business.

 

[SAJ-99]

Enough on wages.

Who's buying the semi-dip right now?

@SAJ-99 you've mentioned Zoetis before, what are your thoughts at its current levels?

Took off small short on semis yesterday. I need to do more research on ZTS. I'm waiting for volume to dry up to show that $72 was the bottom. Healthcare as a sector is down 5% YTD and looks attractive from valuation perspective. A lot of the HF pros at Sohn were touting names in the sector if following them is your thing.