So the market has had a few good days during the last couple weeks; problem is that PEG has only inched up on these days, not bounded back. The drops we saw on the bad days were larger in magnitude than the upticks on the good ones. Why is PEG hesitant to regain value? Moving twards the Div next week should be helping things. What gives?
It's floundering because of the split. I told you the split wouldn't do anything for shareholder value. All this clamouring for a split....be careful what you wish for.
And now you think the dividend next week should help this stock! Are you for real? Ex-Div date is March 6th. After that, the stock will go DOWN, not up. It will go down by the amount of the dividend. Get it?
Monte - (sigh) Yes, you are CORRECT SIR!! This is true, the price will correct on the open the day after the div. But the share price typically rises the week moving into the divy during normal trading scenarios. This was the statement. Don't read into things too much.
Oh c'mon - lets not start that basic math thing again. But I do feel better after today. That's the kind of gain I would expect for a positive market. We'll just see how far PEG will go, maybe back to the $104 equivalent and beyond...lets see, $104, divide by 2,...times the dividend by 2, add in the extra shares from the split...I'M RICH!!!!