Dividend is secure. I do not care about stock price all that much. Of course I am trying to buy in at lowest point possible, but with this kind of a dividend, what is not to love. Buying at low prices taboot. In a few years when I sell I will make a killing on both stock price and collected dividends.
One of the best deals ever as far as I can tell.
Kemp, go take a hike. You really are clueless as to the posts. First you say I am probably short without looking at my posts. Second, I called Dougjark out because he outright lied about news all over the place after hours yesterday regarding MAC and told him to back up his claims. Nothing wrong with that. I would have loved to have seen new financing news, but there wasnt. There has been no new news regarding financing since March 30. Care to read his post again from yesterday:
"LOAD UP ON THIS STOCK. SHORTS WILL BE COVERING ON THIS NEWS TOMORROW. 223 MILLION IN LOANS DUE ARE NOW SECURED. NO DEBT BURDEN ANYMORE. LOOK FOR THIS STOCK TO SMASH THE CEILING TOMORROW"
and another quote of his:
"Listen to the news. It is all over the business wires. Mac refinanced it debt"
Well, where is all this news?
Kemp, You stated: "Every time someone comes out with positive news on MAC he has to question it or prove it wrong."
You care to look at my posts again, I have been positve since day one. Just dont appreciate people who lie. Or maybe, you are alias DougJerk. Funny how you started to post as of today, right after I called out DougJerk. Me being a bully, what a joke. Get a life.
Listen you bully, Most people on this post already know that Mac has refinanced their debt. If you want a link, go out and get it your self. They refinanced their chicago property for around 200+mill. Since when can't someone post in all caps. I read one of your posts where you stated, and I quote "I am sure Mac will secure financing thru 2009" How are you SURE? Do you know that for fact? Or are you pumping. Go bully someone else tough guy.
You must have a very long term investing horizon and are willing to wait a very long time before you see a profit. There are just way too many other other stocks out there that will provide a much quicker return than SGY ever will.
But, good luck to you.
"If you want to make real $ buy SGY now & hold until Christmas. A double by then, maybe a triple."
You have to be kidding. Why would I want to buy a stock in such terrible financial shape? Have you even looked at it's Income Statement? Or are you just pumping it so you can get back to break even? Sounds like a pump and dump!
If you are long, there is no reason not to be in and to keep periodically adding to your position.
Assume the dividend gets cut 90%. Still a healthy dividend.
Also no reason to expect a cut at all let alone of that magnitude given that they were just able to pay an 80 cent dividend.