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Textron Inc. Message Board

  • spikesparta spikesparta Oct 24, 2012 11:19 AM Flag

    Dividend

    Gosh....two cents per share. What am I going to do with that windfall??? Remember when many posters were promising an increase 6 months ago. (not to mention those who promised a stock price of $43 - $60 by December) Oh well, I guess predicting stock prices takes more than a crystal ball.. cheers

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    • $60 prediction by Queen and me was not for this December but we certainly expected 40s by end of year, if I recall right. I have been wrong but still have faith in macroeconomic improvements. But for "do nothing" congress, European slowdown, and poor company leadership in some divisions not to weed out fat, we would see better stock price. You are correct about the meager dividend that is also holding back the stock price. But this dividend is in line with hat our dear banks are giving us on savings. I hope we go back to 6% interest on CDs and similar dividend in 2014-2015 timeframe. TXT mgt is too relaxed about their cost structure to help stock price- serves them well by accumulating their stock options at these low prices. Someday higher stock price willhelp them and the rest of us. Until then, I will just shut up and just be patient.

      Sentiment: Buy

 
TXT
36.88+0.18(+0.49%)Jul 30 4:00 PMEDT

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