Don't you have to include inflation in those so called gains?
So in 1960 $1 then equals $8.04 today.
and in 1970 $1 would equal $6.27 today.
1980 $1 would equal $3.08 today.
1990 $1 equals $1.97 today.
2000 $1 equals $1.40 today.
2010 $1 equals $1.09 today.
All I'm saying is that you sell for a lower price than acquired. Sure your trust might be making money from grandpa's benevolence and your drips may add to the original amount. You seem to have restrictions on your trust when it was set up. The gains from drips may even have gained value. The value could have be much higher by being able to be proactive in the trust. You do tend to indicate that you hardly sell by your comments that you have to sell to have losses. You do sell, You maybe happy with your gains, but I would think that your gains would have been much higher if you had more control over your trust. Would anyone sell at 14 then buy back at a lower price? Sure they would. If you ride it up then ride it down you lost value. That is one of the big problems of drips or trusts.with restrictions on them. What seemed right when the trust was made may not be right in the future. Many a person has held a stock that they inherited and refuse to sell when it dropped in value because grandpa said don't ever sell it losing value some made gains. Having choices are a good thing.
Sage, your not sticking to your script. Your persona always says reinvest the dividends never sell. Then you come across with fund college expenses and other family needs. You cannot have it both ways.
You slay Losses are only realized when shares are sold. So you sell. You have said in the past that one family member in the trust need money and you sold then. I don't think your mantra remains is true. You therefore use FTR as income. not just buy and hold and reinvest. Come clean.
Sage I know that you like FTR but come on now:
If Losses are only realized when shares are sold,
Then how can it be, It's all cash rolling in at this point,
it seems like you would have to sell to take a gain or a loss.
That's no bait gyps. Don't you remember what they did in the past? I guess Ohio and West Virginia were hit hard. WV is their largest state for coverage so I would think they have to do some repairs and since they are under that HSI fee reduction in that state now would be the time for them to pad the bill and put the charge on this and the next quarter.
Sage are you that arrogant about FTR that all news articles are non-stories if they don't sing the praises of free cash flow?
Yes that is true. But when you buy out an area and advertise how many subscribers it had before pre- takeover, loss matter post takeover for those areas. FTR pumped how many subscriber it was adding by taking over these areas to the shareholders. Now some customers will leave because they don't like FTR or they are looking for some reason to leave, or they have service issues, billing issues, ect. Those are real losses that are not the same as regular subscriber churn. Sure FTR will put out some kind of teaser bates, like the Free computer, tv ect. like they did in the past with the other VZ areas. Subscriber retention is the real issue. loss hurts the bottom line, teaser rates cost . Then again they don't want to screw up so bad as to be forced to give discount service as they have had to do well after takeovers. Some people in the northwest are still upset about their FIOS takeover in OR & WA. Then you have to worry about VZ or T and their 5G service. Some subscribers like VZ service and would go back to some form that would take over all their service in these new acquired areas.They like the VZ brand.
What else would they say Sage? Even the quarterly reports are spun. They have a honeymoon period with these new states and their agencies. They don't own all the telcom business in these states and some of these areas that interface with the new FTR areas will have to work with FTR centers, they may not like it. Some issues should be resolved as other issues will develop. Bottom line is return on investment, subscriber loss hurts.
The chrome don't get ya home.
PS. got a dividend play lot at 5.12, at present up .59% 7.5 cents more and I have the dividend.
Well Sage I have to say FTR has been holding up fairly well on your hover around $5. That execution key must have fallen in the mud for VZ 2.0. Do you want to respin or do you want to say FTR is still executing?
No the guy did ok. Its is about making money on you investment. He has a good return on investment right now. Sure you want the stock to grow steadily, FTR is not that kind of a stock. They push the free cash flow and growth. The low interest rates have been helping. but that will be coming to an end soon.
Some 58 year old don't know about roth 401ks or roth ira's. You don't have any capital tax gain or have to pay taxes on the dividends either. You don't have to worry about capital gains on the cost basis of the stock. What is even better is that some people don't have to pay commissions on trades. They don't know that FTR does not or has not traded in a straight line, It is more crooked than a Cincinnati lawyer with its ups and downs..
It just amazes me that other PUC or PSC do not take a page from WV actions on their internet service with FTR. I wonder how long it will be before other states want a reduction in fees because of poor service? Sure run off hurts, but when you lose money on the people that cannot run off, hurts also. FTR made a lot of promises to get these deals through to these state agencies, they can only grease them for so long till they have to get the service up to the standards they promised.
The guy made money, on paper, he could have made more March 2015, but he is up a $1000. Sure he could have made more money if he sold on one of the up swings, but give him credit he is up, He has a break even point of 3.40 per share today over 4 and a half years. He can harvest that gain and plus some if FTR pops back to a loft level of 6, which would not be bad if he wants. It is when one gets too greedy that you have to wait to recoup your gains. FTR always give you a chance to buy low and sell high. He did ok by waiting so far. He could have done better, by exiting March of 2015 and then buying back in, so he left some money on the table. Maybe he is in a taxed account.