The upcoming quarterly report is coming. It is generally not that good. Plus, they keep saying that the dividend can not be maintained. The numbers for the most part do not justify this move.What should a person do ??
I have been considering this stock for the dividends. After checking the payout ratio, It does not appear to be listed, however calculating the ratio based on the 2013 earnings estimates it appears to be 96% and may be in jeopardy.
Well I sold my measly 100 shares for about a $110 profit - that's what I did. Couldn't remember why I bought the stock in the first place so I guess the old saw "Can't go broke taking a profit" should give me some solace even if it continues to move up!