Good for you. Great position to be in. I wouldn't be in if I didn't see the 10% gains every year. Not sure it will do it this yr. I will never build up enough shares to make the dividend worthwhile.
My average price point on this equity is $24...not worried about daily/weekly fluctuations.
It is for my retirement, and children to enjoy..
I will enjoy receiving my dividend check from AWR when I retire in 15 years. But, for now, I am just accumulating high yielding stocks, and watching them grow...
AWR is not a day trade stock......it is a long term holding. Day traders need to move on to the bio tech and tech world for quick profits or quick losses, not with a water stock.
Look back in 10 years and then tell me it is a mistake....a short term view on a water stock is a losing proposition. You want short term, go visit the bio tech world.
Its not this company, all the water stocks are getting hit for fear of rising rates. AWK been getting hammered too. They are buy and hold longterm stocks. I may buy some more as it goes down. Water is never going out of style.
AWR is a buy and hold stock. It will increase dividends, and provide a nice quarterly check when you decide to retire, and stop the DRIP.
The stock is becoming more attractive as it corrects….
They have dropped a lot, but they have been trading in a range., so good for daytrading. Just bought
AWR today at 37.88. hope to sell at 38.65 tomorrow. We'll see.
Sentiment: Strong Buy
Water utilities get rate increases and now have tiered rates which penalize one the more water one uses. So, they may be selling less but they are charging more.
I bought on today's dip at 38.46. Hope to sell at 39.50 on Tues. I feel pretty safe with the utilities and
usually make a little on the trades. I traded CWT a few times this week.
The state has threatened to fine consumers who do not cut back 25% on their water consumption. Californians have really tried to make an effort to cut back on their water usage. It has been raining a lot here since the government did this.
Of course, prices have been raised, and the consumers will pay for the lack of water. The lack of water will cost the consumers, and not the utility companies. As a consumer, you should know this...
How can it not if 25% less water is sold?..... or is the price going up accordingly.....? and one question I have..... : Where does the water come from if there is truly no water left??
Poor Californians............Absolutely everything is already so expensive out there.