I think so too. Nibbled yesterday should have waited for today. The thing is don't buy all at once and be patient. I agree though by next year we'll be mid 40's and still be getting that 6% from these levels. Even if fed raies rates a full basis point or even 1.5 we are still going to do better in this investment. My next entry is 36.50 should we get there. good luck!
I told you guys patience patience patience. You will get murdered trying to buy all at once when a stock is dropping like this. Wouldn't be surprised if we touched 35's next week but that would be the next entry point for me. In one year if we are at 40 and my avg pps is 36ish then I'll take that 17% (incld div). I thought today might have been the actual bottom and may have been if the market didn't take a big fat dump. Well, you might want to look at cpk as well a smaller cap utility which could possibly be a takeover target.