Hay don't feel bad about losing a few hundred. I am into 7200 sahres at 19.50 average. You can do the math.
I am tempted to buy more here but then even another 1000 would not lower my cost base by all that much. However for those who only own a few hundred this is a golden opportunity to own a great company with an excellent CEO who tells it like it is. The loan business isn't going to go away and neither is CSE.
Given the right geopolitical outcome from mid-east...ex, Irag stabilization, US pull out, Iran BS subside...you will see Oil price come down along with shipping rates. Plus there biz is cyclical and it does hit low 30s even 29s late spring to early summer.
I was referrring to FRO. This stock will come down. Its seasonal and it will come down once this political show down with Iran settles down and with Oil prices going back towards $60. ACAS will probably see mid to low $30s. IMO
I've now got 3000 shares and are down around $10k. I'm not concerned so much with share price as long as the dividend stays solvent. I'll collect the dividend forever without selling a share if it remains intact.