Because of your post concerning SGU, I was
intrigued and did research on it and as I mentioned before
was optimistic with the risk/reward scenerio with
SGU--with the rights offering the price came down to its
lows and I bought on that day with everything looking
promising for a great long-term buy and hold. So your last
post hit it perfectly--you mentioned SGU and described
its situation and I did some research on it and
couldn't believe the yield it offered at the low
price--great buying opportunity. So today, we got some good
news, the dividend is being raised which equates to an
over 16% yield not to mention the price gain on top of
it--all in just a months time.
Also own
FAX--learned of FAX in Kiplingers and everything is going
great with this Co--another great long-term
hold.
Just have one stock idea--it's not a closed-end fund
or doesn't pay a dividend--but with my philosophy of
buy and hold for the long-term as long as the Co has
great risk/reward, management, and other factors, it
looks promising. The company is ESC (Emeritus), an
assisted living Co. that is making a turnaround and could
become a growth stock in the future. Just went public
just over three yrs ago and is about to turn
profitable, has great management--and the management puts
their money where their mouth is, especially the CEO,
(just take a look and the insiders buying on
yahoo--it's phenominal). People are only getting older, and
ESC is well positioned to reap the benefits. I own
it, and consider it a safe, value play, especially
with all the market turmoil, but with the potential to
become a growth story.
Just an idea worth taking a
look at.