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The Empire District Electric Company Message Board

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  • easttennesseehillbilly easttennesseehillbilly May 26, 2011 4:20 PM Flag

    Holding or selling

    I am an active investor/trader of EDE and I lucked out. I had taken profits on all my shares prior to the earnings/dividend announcement and was on the cusp of buying back yesterday to get the dividend in spite of the price run up in the past month. Fortunately, it did not come to my price and looked like it would today so I did not buy yesterday. Of course, last night was a total game changer.

    I will not be quick to buy back, if I buy back, and have set a minimum yield of 6% before I will even think of buying back. At a $.25 dividend the price will have to be $16.50. Anything less is not worth the risk. JMO.

    My regards to the longs still holding. I am still holding GXP from that debacle so I can associate with all longs.

    Tennessee

 
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