Yeah. The recommendation came on "Bulls and Bears" from Pat Dorsey who is the stock analyst at Morningstar. He is the only one on the show who doesn't have his head you know where. I researched UBSI after he recommended it and 18 and now over 23 with a nice dividend so he is practical. Does not expect a big run up in this but could double over next two years.
I know how you feel as I own duds that I am waiting to dump BUT...this is not a dud, its a 4.5% divi paying, 40% marketshare owning, ready for the recovery investment. I plan on earning 4.5% plus the bonus of 1 or 2pts on this stock this year. If you are thinking bigger than that than you made a good choice but tell us were that golden egg is so we can get in on it with ya.
I agree with you. I think this is a pretty nice place to park some cash for a while at 4.5%!! I wasn't diggin' that dip too much, but it's not a stock you have to lose much sleep over either. I leave that for my crazy bio-tech stocks! With things looking a bit dodgy in the near future with the market and the whole go away in May phenom, I would think some folks would consider putting there money into a company like this with that healthy dividend. That's not to say the pps wouldn't go down with everything else if there is a correction, but this seems fairly priced around $15 imho. Best of luck trading.