Love picking up new shares every month and not too sad to see PPS sluggish through Q1 of 2014. Picking up additional shares at a low cost is pretty nice. Compounding is wonderful! Kind of glad Mr Market is holding LNCO down presently. I'm not a day trader and don't really ever want to be. I have enough stress in other parts of my life. Glad for slow/steady growth and consistent/safe dividends!! At 9.5% -- it's really hard to beat LNCO!!
Slow steady growth? This p.o.s stock is down 12% since I bought it! :( I guess I jsut bought at a really bad time. QRE and BBEP are fairing MUCH better. Wondering when I should bail on this pig. Sure, dividends are great, but not if it keeps sliding.
Sorry Mike. It does depend on the price you bought in at. When did you buy? It hasn't been up enough this year to drop that much. Even at todays price, it's up for the year. My average PPS is just under $29 so I don't mind a little slip and slide action down. It will recover and has potential (once BRY assets are in full swing, along with other potential purchases and/or sales of properties) to pop up. In the mean time, the monthly div's keep adding nicely to my position at a great PPS. Every investment is a gamble. I can't guarantee anything in the market, but I can say, LNCO is steady, not a ton of risk at this price, and has great growth potential. I recommend HOLD, IMHO!