26 Jun ALSO GOOD YEAR IS DOWN ABOUT 4.5% TODAY (FRIDAY JAN 15TH) SO WHY NOT BUY?
Please note that this assignment is based on a pretend scenario and fictitious money. However, the assignment is based on actual stock pricing in real time situations. Do not invest your personal money for this assignment.
This is the week you have been waiting for to see if you are walking home a pretend millionaire, or whether you would be finding a side job to recoup your losses.
After some research I found 3 companies that are publicly traded. I believe they have good prospects and the potential to go up in price (long term). Rite Aid, Marathon Petroleum group, and Good year tire are the three companies. Rite Aid and Good Year Tire are attractive companies because of their low Price to Earnings Ratio. Also Good Year is down about 4.5% today (Friday Jan 15th) so why not buy? I would invest $10,000 into Good year tire. It trades at $27.10/share so I would buy 369 shares of Goodyear Tire and Rubber co. (NASDAQ:GT) I would buy $10,000 worth of Rite Aid Corporation (NYSE:RAD) stock. It trades at $7.61/share so I would purchase 1314 shares in the company. It was a P/E ratio of around 4. The third company is Marathon Petroleum Corp (NYSE:MPC) It trades at $41.05/share I would invest $5,000 and buy 121 shares. It has a decent dividend and is profitable. It is a bit of a gamble as it is in the energy sector, and oil prices have been falling the last year or so, it is down about $20/share off its yearly high around $60/share. Its margins look steady and I think it has a lot of upside in the long term, significant downside risk in the short term.
Record the value of the stock in each company.
Determine the total value of your investment.
Provide your final opinion / assessment of your investments. Did you make money or lose money? Discuss your results and, based on hindsight, describe what you would do differently.
Discuss what you learned from this assignment. Do you believe this assignment will help you in the future in any way?
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