Well, nice little bounce back today. Don't expect all of it back, little pullbacks, bumps up, Don't think it's currently a good short, but to each his own. I figure 12 - 18 months from now $35 - $40 dollars, Figure a small dividend boost, hold, yield on cost be around 4.25%, with yield at target prices between 3.4% - 3.8%.
Just hate doom and gloomers with no back up, but as you said in another post, it's a $20 stock. Me, figure it hits $35 - $40 before it hits your target. You send my your doomsday analysis and then I will post why I feel its more likely a $35.
I picked up some more yesterday for the dividend portion of my portfolio. As long as you are buying to hold for a long period, go ahead and add some, get the 4%, and add on dips. All of my holdings in my dividend portfolio are paying around 3%, and with the time I have left before retirement (I figure another 10 years), I'm not afraid of price fluctuations. Also, even though Mattel has a re-investment plan, as long as the yield is 3% or more I participate. As with all my DRiPs, if yield drops under 3% I take the cash and add to holdings as I see.