Woulda, coulda, shoulda.
I can apply this to every area of my life but where would it get me? Probably in the hospital with a bleeding ulcer. I know this stock crapped out due to bad judgement, but I can't keep crying over spilled milk. I must admit the recent drop is very disheartening, but I am going to hang in there and wait for the turn around which WILL be this year. There's always a light at the end of the tunnel.(lets just hope its not an oncoming train!)
You might be getting the 6%, but on a total return basis over the last three years this stock has yielded a negative return. It isn't going to get better any soon, and you can dream about being taken over, if so, it will be at no premuim.
No big deal if the stock doesn't move upwards as fast as we would like, we are still earning 6% which is better than any CD rate plus we have a chance for a possible take over which will give the stock a nice pop. Hang in there and buy more if possible, the stock is at low point so take advantage.
.......and AF is good comparison - there is no reason for NYB to go up until it does better than just covering the dividend. Peter Lynch once said that he held a lot of stocks that only did well in the third year - maybe this is one - I don't expect much here until the yield curve improves. Maybe AF will take out NYB.
Your blessing should have been much greater if not for the stupidity of Fic.
You should have 832 shares at somewhere around $36, not $16.
Wouldn't you say that's quite a difference.
Look how the stock reacted today. I'm following around 14 regionals, and only 3 of them were down. And, the two others were down only .01. We all know who the other was.
Let it be known, I was never short this stock, just disgusted.
Thanks mrwright for reminding me that I originally bought 100 shares @ $10.00 and now have 832 shares @ $16.39.
Not only that, but I already got back all my initial investment plus a few thousand in dividends! I sometimes forget to count my blessings......thanks for the reminder.
Dont knock him. I called this stk a dog and was blasted by the people on this board......I guess they consider going from 35.57 to 16.38 over three plus years a good job. Any managment that can still stay in power after this has to be corrupt.