Lots of reasons to sell, not all of them nefarious. I don't pay all that much attention to the stock price; it's range is narrow. I look at it as a CD, with a bigger return in terms of cash and stock.
This is a good board for discussion; people actually talk out the stock, instead of politics, religion, and personal attacks.
They have already had huge moves but the airport operators in Latin America have been wonderful investments too . I was rather late and noticed GAP first there are about a half a dozen or so out there . Several split up Mexico alone . I got into OMAB under $10 and it too has paid me back all my cash now and is up 400% still growing at times like a weed . Actually expanding into new airports , building hotels , restaurants just a amazing company IPO'd by the Mexican Government . Different structure the company actually leases the concessions from the Government in 50 year leases . Like I said doing fine as I have all my money back and get about 20% of the original principle amount in dividends a year . I am afraid of having everything in a few stocks so I like to purchase a few shares of this and that so when they blow up I am not hurt bad from a principle amount and as long as they pay the dividend eventually not at all as they cycle up and down . Anyone who has done this for a while knows nobody gets out without making mistakes or having set backs along the way . ITs like anything else you just have to keep moving foward and I really love researching companies , discussing stocks and learning about how other cultures around the world operate businesses and the products they sell to improve their lives . Have a wonderful day .
Good analysis. I first got in at about 12. Have been rounding up my shares after each 5% addition. Recently bought another 10% on this downturn. It's a great cash producer which contributes nice to my retirement income.
I bought this years ago when interest rates were falling and I was trying to get income . Amazing it has been 20 years now . It was nice they always paid the 5% stock dividend with the cash . I took the cash and put it towards expenses or other income stock to diversify . After 20 years I have way over my cash investment back way over 100% and almost 100% more stock . Many investments have done better for people but one would have a wonderful retirement if every stock could execute results like this for them . Have no idea what the future will bring but it has gone up and down many times while always paying the dividend while looking like it can't keep doing it . The real estate cash flow in combination with long low mortgage rates have allot to do with it and the portfolio is a great hedge against inflation especially if assumable mortgages at low rates are on properties .
VGR's 52-week trading range is about 5 bucks, about what BIDU does in a day. People don't buy it for the price, but the dividend. As long as that and the 5% annual stock addition continue, it will pretty much stay as it is.
VGR is a keeper. One of the best stocks available. A must
own for pre-retirees and retirees. Yoshicf is a poor yeshiva
boy stuck cutting deli meat in a hot sweaty kitchen on most days. He's a bit angry. Understandable.
Using the debt to pay dividends has a very favorable affect on the tax liabilities I would think. The divvy is why I invested years ago for, the pps appreciation has been wonderful, the 5% bonus in stock shares every year so far is also a big bonus. I agree with juan that a spin off of the real estate portion of the company could also happen and bring more shareholder value.
It really isn't guessing. It's watching this stock for years. Will it go down to single digits? Doubt it. More likely it will sell out and spin off its real estate to a REIT. At any rate, at present, I think it's a good deal. When I cease to believe that, I'll liquidate. I am five figures in the green on it. So I can hold on for now.
Yes, continuing to issue debt to pay a dividend is absolutely sustainable.. Hope you're prepared to have this stock crushed back to single digits when the scheme ends. Whether that happens in 2 years, 3 years, or 5 years.. hope you guess right!
Yes. But they have done that for years. So they are down big today. Yet over the years they somehow mange to survive, despite the doom and gloom predicted. VGR is my biggest holding. I added a couple week ago. It just seems to chug along.
Also confirmed stock dividend via email to investor relations. Both cash dividend and stock dividend continues!!
Sentiment: Strong Buy