I first bought at $3.83 on the news of a large purchase by a fund manager last year. When it fell in the low $2's I SUBSTANTIALLY added to my positions. Bought on 9 separate occasions and averaged way down. Sold NO shares and will hold indefinitely. Nice divi while I wait for further appreciation. Have full position.
So the first poster is telling me that he caught the EXACT bottom on MWA's recent troubles? OK, quibble $2.03 but you get my point. Congrats. Don't believe you.
My real issue is what you call nice dividends. Buying in and then adding once the position falls...pretty gutsy AND vindicated call...also congrats...but nice Divi? @ .07/share? Divide that by today's price of 6.12 gets you a whopping 1.1% Nothing "nice" there. Don't get me wrong, I won't refuse the check...I just don't think too much about it. I own far more generous divi stocks.
I got in @ $4.16 but my entry point was some time ago. I saw the 2's and held on given the promise of better times...should have bought more but every investor can be pretty accurate in hindsight. In my case (roughly) 50% rise in two years gives me ~20-25% return...Not too shabby and like I said, I won't refuse the check.
So, target selling point? Only guessing but I believe that MWA is fully capable of a run to 8 by the end of the Summer. Assuming we don't plummet off the Fiscal Cliff. All bets are off then and you should have bought rice and ammo.