Looks like Ex-div tomorrow.....anyone gonna try to buy before close tomorrow?
I know the price of the stock will drop commensurate with the the dividend payout but when a stock is undervalued like this.....it tends to recover the drop due to dividend rather quickly and predictably.
its interesting that SAN couldn't trade up into the ex-date... therefore i am hoping it tanks real good in a post-div sell-off, after all, if people won't buy for the one main thing it has to recommend it then why would they buy anytime soon absent other good news? so maybe we'll all get a chance to buy in the low 6's... let's hope!
I tried that last time. It didn't work very good. I ended up buying back higher. Then all the Spanish banks got hit and it went down. Got whipsawed. So this time just sat through dividend. Looks good for now.