Franz, you indicate you don't know why the stock rallied to $10. Yahoo does have a section with news and press releases you know. The company came out and reaffirmed the dividend was safe and that the strategey of the company is to protect the divy. Then they announced the cliff deal cut their estimated taxes for 2013 from $250 down to between 40-50, they also reaffirmed guideance that capex would be down in 2013 and that the cost saving initiatives were working and would be evident this qtr. On top of that they have announced very favorable debt refinancings that will bring the interest expense down
A better question might be why do you care what happens on a particular day?
WIN is a dividend stock. Thats it - I own it. I'm collecting the dividends. Four times a year I listen to the quarterly results and comb through the financial statements. If I determine that I think cash flow will continue to support the dividend, then I keep holding. There just isn't anything else to do. We aren't going to double - we aren't a growth business - we need to continue to generate enough revenue growth to offset landline losses.
Better to spend your time researching other investment opportunities for the dividends!
Franz, So why does S&P rate WIN as a "Strong Buy" then? They have set a 12 month target price at $12. Lets see, a 20% potential gain plus a 10% dividend yield... Seems like you would be running away from a profit.
I would think not many would buy WIN at 10, with their dividend income.
Might still be too risky at 10 to enter. More buys if/when positive news on
operations in the coming weeks ?
One thing I wonder about today is......today was pay date, not ex date.
Interesting to see WIN down by the 25 cent dividend amount. Most telcos
down today so far, but I would think WIN would move by something other
than 25 cents on a weak telco day.
WIN should take a rest now after a lot of news......are shorts repositioning
until quarterly earnings CC ?
WIN at 10 was fun while it lasted in Jan 2013..............we see it again later
this year, IMO.