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WSI Industries, Inc. (WSCI) Message Board

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  • beast511 beast511 Oct 23, 2012 8:07 PM Flag

    Where is the entry point folks?

    I suggested to buy and hold when it was between $4 and $6. Please just buy and hold it any price below $11. Buy now, if stock price goes down with market, buy more. Do not sell--( I sold some at $8.25 I had to take some profit from $3.50)

    Sentiment: Strong Buy

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    • The logic eludes me--how can you sell at 8.25 and still have a "strong buy" sentiment?

      As a long investor, here's my take which may or may not make the overly optimistic types happy...
      Dividends are what make a stock hold its value. As a dividend/long investor, I'm interested in this stock until the yield gets to around 2%, which is when I have to ask myself why I'm bothering to hold it anymore. So for me, I'm going to sell around $8/share. Conversely, I get interested in the stock when it gets down to about $5.50/share. To hold $7-8/share, the dividend needs to be about .24/share annually, or .06/share each quarter (since rates are low). Since it's looking like .04/share for the next year, I sold a good chunk at $8 (along with beast511 apparently).

      Yeah, yeah, "earnings double" blah blah blah. I've heard all that before and it boils down to this for me--if they have been making so much money for the last year, then they could have paid more divdends (or a one time dividend). And don't forget the downside risk--Polaris could have a bad quarter or move more work to Mexico and drilling is a manic industry.

      Don't get me wrong, I still own thousands of shares and want the company to do well, but I would like to see a steady consistent climb with dividends marking the way.

      Sentiment: Sell

    • Just riding the Polaris wave... it will dwindle back down. Watch it pop up with Polaris earnings then dwindle down down down. $6.25 is the highest you should buy at.

      Sentiment: Strong Sell

 
WSCI
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