I would like it to stay down and even drop another 2-3% for the dividend payout. I am in a DRIP here, so that gives me a 5% discount on the buy.
Putting strong quarterly yeild sticks like this in DRIP is great way to goose your yield. ex-dividend hits; yield pirates sell off; weak investors pile on the sell off, the price drops 4-7% in time for the payout, the DRIP buys in at a discount.
it can goose a 105 payer like this to 15% when you factor in the payout, the discount and the compounding.
Come on , give me a break........PWE has been up a lot the past several weeks. What do you think, that a stock goes up every day? Its one day! And the day isnt even over yet....Down a whopping 25 cents ?? Big deal.
let me know what PWE is on Dec 31st.....That is what I am interested in. D