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Sun Communities Inc. Message Board

  • dar200 dar200 Nov 23, 2011 10:52 AM Flag

    Peanut gallery lemmings

    The peanut gallery has been in charge lately, mostly selling out of irrational fear. None of the recent headlines are going to decrease SUI's cash flow, but that doesn't matter to lemmings.

    Thank you, peanut gallery lemmings, for another 1,000 flippers (6 trades to get 1,000 share order filled)at 33.76......a 7.46% mostly tax deferred yield.

    I'll probably wait for 4Q earnings to catch another dividend before I bail on these, but a fast 10% will tempt me.

    This is a gift from market psycology. 4Q earnings will be very good as seasonality from southern RV parks kicks in and Kentland intergration expenses decrease on increasing occupancy.

    Pick your tax deferred (mostly) yield. At 2.52
    34 = 7.41%
    35 = 7.20%
    36 = 7.00%
    37 = 6.81%
    38 = 6.63%

    Then sit back and wait.

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    • <<<Nice stock, sell, hold, either way steady money.>>>

      I could not agree more. Core business is like a glacier, moving ever so slowly in one direction.
      Dividends break off when it reaches the ocean.

      Stock price though swings with the panic du jour offering flip opps.
      I met my 100 grand flip goal in late Sep-early Oct., so I'm likely to save this one for 2012.

      Kids get their Christmas goodies and grandkids get their 529 contributions. All will be together for Christmas, which is the greatest gift.

      Peace on earth, goodwill toward all men,(even divididiots for a week).

    • Dar,I actually got lucky and the partial finally filled the next day. I had my finger on the trigger this AM at 37 but then the wife called with waffles so I'm just waiting and watching. Nice stock, sell, hold, either way steady money. You had mentioned it, I believe on SCCO board a while back so thanks for the tip. Happy Holidays.


    • I'm hoping the downtrend continues for another few days. I would love to get another 1000 shares at $33.50. Missed my chance a few days ago but the order is in. GLL


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