rt and have ratcheted the stock down $1 a day consistently over the last week. The next day it does not go down, buy in. Earnings will be bad. Look for write-offs of the Tejas and Altura debacles in the US. Stock should do well by this time next year.
RD will have to get a couple quarters of good earnings under it's belt before it moves up significantly. The dividend will probably not change the picture any. Remember, buy when it flattens out. Or you could take HAPPYSLUGGER'S advice and hope for a post earnings dip. Either way, buy in the next couple of weeks
IMHO,RD will dip as low as 38 or 39 (this is NOT a science) as RD announces (disappointing) earnings. It will move up to around 52 by year end as it demonstrates by its actions that it is restructuring or running its businesses better. In any way, that spells an annual return of 30% or so! I sold $50,000 of RD at about 55 and have not bought any back. I will buy back at least $25,000 worth early on the morning after earnings are announced. There is usually an overshoot too low downward when earnings come out & then a slingshot back upward the next day or so. Best of luck to all.