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Armanino Foods of Dist. (ARMF) Message Board

  • vickersviscount vickersviscount Jan 24, 2005 3:59 PM Flag

    Got the Dividends today = Thanks

    now can anyone on this board give me an answer??? WHY do people continue to chase Cisco, Oracle, Etc., which pay NO dividends and have been dead for 5 years (actually down huge in 5 years). . .30 - 40 million shares are traded of those dogs every day, and you can't GIVE ARMF away - some days only 300 shares trade. ARMF has been paying a 6% dividend for years, and for the past three years with the special dividend - 9-10% a annual. . .Why?. . .and now with the 15% tax on dividends. . .is the entire world stupid except for those of us here??? WHY?

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    • An investor in Cisco or Oracle who did not get caught up in the euphoria of the "new economy" but was willing to sell, take a profit and pay some capital gains taxes probably made more money than you or I could dream of making in ARMF.

      I'm happy with ARMF but set a target sell price when I bought the stock and will sell when it hits that price.

      Neither Cisco nor Oracle show up on my screens but Cisco in particular may be an excellent investment for the right person at the right price at the right time.

      A puny part of my portfolio is invested in stocks like Cisco or Oracle. Some have given me more than 500% annual returns, but I took those profits instead of getting greedy. Some are still sitting there doing nothing.

      Of course, 500% if very little is still very little.

      I know one person who owns Cisco and has some pretty bad burn scars. Her relatively small investment was worth more than a half million at one time, almost all paper profit. She could have sold and retired from a job she doesn't like. But she didn't want to pay the taxes, especially at the rates while she was earning. She still has Cisco and it's worth more than she paid for it but nowhere close to a half million.

      I think the message is: Buy carefully, set sell targets and diversify because you're going to be wrong part of the time.

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