rdl, who do you think would be a likely purchaser of CNSL. I sold some of my shares(as I mentioned to storm) recently at $24+ and would welcome a $30 buyout. HVB
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"but more than likely, it's because I sold some of my shares on the recent run-up at $24 and change"
We've all been there!
jpc, That's a possibility, but more than likely, it's because I sold some of my shares on the recent run-up at $24 and change...so much for that strategy! LOL HVB
"I'm assuming the Hickory Tech you mentioned in an earlier post was also purchased by CNSL"
Yes it was. I live in Mankato MN, Hickory Tech's home.
hi storm, yes I did have a profit(yippee). I got involved with CNSL when they purchased North Pittsburgh Systems and added additional shares here and there. As I said, the recent run-up gave me an opportunity to take some money off the table. I'm not sure how much more these legacy land line companies have left in them. I'm assuming the Hickory Tech you mentioned in an earlier post was also purchased by CNSL. Happy investing! HVB
sold 1/3 of my shares. The last time CNSL was in the mid-20s, I thought about doing it and regretted not pulling the trigger. Generating some cash at this time, looks like a good idea to me...time will tell. Bob
I don't think either of us said anything negative about the dividend ?
Dividends are also important to me, that's why I've been invested in the stock.
But I don't mind capital appreciation either.
For example, 17 years ago I bought a small prescription benefits manager company based in Wisconsin. Some years later that company was swallowed up by another company, later, that company was swallowed up by Caremark RX, & later on, Caremark RX was swallowed up by CVS. Shareholders of Caremark were given a special dividend of $7.00 as part of the deal as I recall. You would have loved that.
I also own Kraft foods which merged with Heinz last year. That was an even higher special one time dividend I think it was around $12 a share, I'd have to look it up at my Fidelity account.
If a takeover ever happens, & you don't like the dividend yield of the new combined companies, I'm sure you're aware that there are ETFs that pay handsome dividend rates & are also less risky than holding an individual stock.
Some of us longs like the dividend. That's why a thumbs down from me. I view this investment as a bond, and don't care about the day to day price fluctuations (so long as it stays above my basis of approx $15, of course). A buyout just means I'll have to find someplace else to earn 10% at a dividend tax rate, which I think will be a struggle.
I would definitely be OK with $30 a share.
Why would two people give you a thumbs down?
Shorts I suppose
Very nice day today. Up over 8.00%
Let's hope it continues