You are missing that this rate is compounded monthly at an additional 5% discount thru the company's DRIP program. This really gives the power of compounding a "MiracleGrow" effect as you rebuy an additional 5% shares for the same total cost.
Sentiment: Strong Buy
I don't have ANY intention of buying more of this stock (or ERF/PWE either) at ANY price, I'd feel like I was throwing good money after bad. Right now, all I want to do is to just recover as much of my original investment as possible and get out without first being skinned alive and then I'll be gone from Canadian investments FOR GOOD!
Hi Vinnie, sorry for your loss. The thing to learn here is that you need to accept that the market will make fools of us all at times: everybody gets it wrong sometimes. Not knowing your portfolio nor strategy, can only guess at what were you thinking. if the reason you initially brought any stock changes for the worse, you need to sell -- typically if the stock breaks under the 50 day MA, you gotta think about an exit, under the 200 day MA you have already held too long -- that is a must sell signal because the hoards will be heading for the exits and the shorts will become enboldened.
I hope PGH goes back to $3.60 because I didn't buy last time it was there. And the divvy at $0.04 per share will then be back to about 11%, and the stock price eventually will return to about $20/share. You sound much like the long departed "rcunj" who, constantly the PGH Management as "Mr. Negative," finally stopped posting on this board.