Just upgraded to buy by my value journal. I have at a 98% Risk/Reward profile. That is about as sure a deal as you will find in this market. Throw in the dividend and you have one sweet deal. Announcement is the end of September for a dividend to be payed around October 15th. Looking for $.70 as before. At just two times book it equals over $57.00. I loaded the boat at $36.95. All I can say is that my system has yet to fail me and I am very selective and conservative as to what I buy and when. Good luck, the fun is just beginning.
I think that you are exactly correct, except that in line with the stated dividend payout of 1/3 of profits, I expect it to be closer to $1 because of extraordinary gains (sale of ships). I'm waiting for a little drop under $37 before adding back the trading 25K to the 80K I've held for the past 2 years. The strategy is easy: Put all your eggs in one basket, and then watch the basket. As Carly Simon sang, "NOBODY DOES IT BETTER."