Should work out pretty well. I think we could go a little lower, but who knows for sure. Any prediction on what this will do and when? I have made my predictions pretty vocal already. I'm thinking it will get to 40$ or more at some point in the first half of this year.
Yes, I know I am an idiot for offloading this significantly undervalued stock BUT I have been burned too many times by post-dividend corrections in BKE.
I completely sold out of my trading and core positions today in anticipation of such a correction.
Now watch BKE go to $45 while I cry into my guiness.
a 20 cent regular Q div is a non event, not so a big special. imo, they would be better off raising the Q div, BUT always with language that "we will adjust divs up or down as cash, cash flow, and cap ex needs dictate"
but really, who cares?, even with the big specials it all comes out in the wash...