1 year from now, what do you think CTL stock will be worth?
As someone who bought in around $32, I think the stock will go to $38 within 12 months. While there's no real growth opportunities and the dividend cut makes the stock less valuable, I think a relatively safe $2.16 dividend will drive the stock up. I mean, $54 per quarter for 100 stocks will attract investors.
As someone relatively new to investing, I was wondering what other people thought? (you can never have too much knowledge, ya know?)
Think we go higher but that is not why i bought CTL. When the stock was knock down because of the dividend cut it had nothing to do with the earnings since they only missed by a penny. It was due to the people who were unhappy with the dividend cut. I need some place to put my money where I can get some return. The 6% return that CTL pay is OK for me. The bad news is out on the stock so think it is up from here. The big problem with all stocks is the crazy policy the Fed is following. It can't go on forever and when the bubble bust it will be very bad.
Anyone who got this name in the low 32's like we did is going to do very well. And yes...The odds of seeing that area again are virtually nil. Dividend is great too. Just at 35 ish I think the bounce is about over and that high 37's for the remaining part of 2013 is likely. I just thought I could do better appreciation wise. Now about even with ABX at 29.11...LOL! GL to you and nice buy!