Just a little over One month from my last post and I am already up $1 on my additional buy. 9.5% plus a dividend. There is a very clear up trend here. Only better numbers. By December the dividend could go from .12 cents to possibly .15 cents. On the way to $14 with REAL earnings, net income earnings. I have never had interest in buying fly by night trend stocks on sales volumes with no income. Buying these types all my life has gotten me early to this Stage 3 time in my life, financial freedom time. No boss. I work for me. Show me the real money and only then do I invest. Enjoy my friends. This is a nice ride to be on.
There is no dividend increase coming now or in the foreseeable future. They need all excess cash flow for corporate purposes and growth. By the time that cash flow increase to the point that a dividend could come, the economy will be slowing. I personally don't believe you will see a dividend increase for the next five years.
I only see easy value under $11. Everyone is chasing high flying tech stocks around with no dividends or even real earnings. Oh they have lots of sales. Yea but no net income! Here you have a real company in continuing recovery, pays a nice dividend, and should be closer to $14. Stick to the value long term. This is an easy one to me. Numbers are numbers, earnings are earnings.