Anyone care to guess when they were sold yesterday...........
Simple to see when.
Now, going forward, the actual delivery day will be Friday. Opps, just before the next distribution announcement.
We might be regaled with brain dead suggestions of a cut, AGAIN. If the fool short sellers follow the script ridgedly .
Bottom line: they will attempt to drive the price lower, until Friday, so if we see any weakness............ BUY...................................... We have all seen what will happen after the announcement.
You would think the clueless clowns would give up, after all these years of being wrong.
Oh well. Stupid does stay stupid.
You will never understand those who buy with no intent to sell. The sunk cost is just the price of admission to a string of income. So sale? No problem!
I've posted this here before, but it's like our house. We paid $245K for it and it went to $800K. Did we sell? Heck, no! It is our house, our home, and what it is worth on the market means nothing in comparison to what it means to live here. That's like the stream of income from the sunk cost.
Then it went down to maybe $275. Should we sell? Heck no, it's our home! Now it is worth maybe $450. What does that mean? Something to our heirs, I suppose, but nothing to us.
PHK is not that different. If you bought it cheap, what need to sell? What reason? It gives off a stream of income, which will hit 120 unchanged dividends in a few months. That's what the holders look at.
The market price means zip, zero, nada.
You can rail all you want about a cut, and I will not disagree all that much. Except that I will believe it when I see it, because if that was the intent, it would have happened far sooner than now...............Dave
You can never count on the vig, as it changes every day.
It all goes into the same pile though.
It does, indeed, spend just fine.
I look at it as a "special dividend".
You think the resident fool will spout off again, claiming he does not pay?????
What an infant..............