My guess is the street will discount this until approximate return is the same as before that bieng said the old high return was around 14%, so with new share dividend payout we need to be around 6.15 per share to equal the same or approximate same return, does that make sense to anyone else? Target buy at around low 6's
52 week low is $7.21. Back in 2009 it hit 6.54. While there is some sense to your logic, I just can't imagine it back to the low $6's. But I continue to watch. I'll buy some at the close today in case it has stabilized here.
I in no way wish the share price to go down to low 6's just looking for the best entry point as I am a newbie, I wanted to invest at the drop down to 8 and patience has paid off so far, it seems it may stabalize around the current price I do not really believe in the charters lingo.