I sold my WFC-O today at 25.90. Basis about $21. plus all those dividends. Use the profits for a kitchen makeover. Once you spend the profits you can not lose it back.
Nothing wrong with taking some profits. Everything at all time highs. I sold my O at $60.40. Bought some MAIN and PEGI. They are both up and pay about double the yield.
This stock has been up about 35% this year and setting all time highs almost every day. Some pullback is expected and normal.
. Don't you agree?
Thanks again for the summary. You may also want to consider--O is dying, as CPA I recommend selling, Treasury bill rate
When I sold a while back at $60.40 I put the proceeds into PEGI and MAIN. They are up an equal amount and the dividend percent is double that of O.
This is a great hold for income investors like me.. Anyone who thinks this would double is in for a big disappointment. New share issues would prevent that. And at $30 the yield would be about 3%. Who would be a buyer at that level?
That's the preferred issue of Seaspan Corporation. It was just issued and pays 8.2% coupon on $25 issue price. I had paid $24.95 now its a little higher at $25.14. The dividends are qualified
It seems many defensive issues Like O, MO, T etc trading at all time highs. I sold my O and as I mentioned put that money into MAIN and PEGI-paying about twice as much. I sold some MO and redeployed into preferred issue SSW-PG paying over 8%.
I too had bought about $40 and decided to rotate out of O at $60 or so. I have other 'safety' plays that I have had for years and hold onto like MO, SO, NGG etc. But decided to sell O and see what happens down the road.
I had tried that in the past too. But he is not interested in the exchange of opposing points of view . He just wants to be an idiot troll. I agree that the board shouldn't just be for cheerleaders, but most Yahoo boards are stuck with trolls like him. They each have their reason, but they just get stuck on one board and that is their sick, sad life. As for O, I can't find a reason why any new money would be buying now. I had sold and put that money into MAIN and PEGI. They too are up lately as well and pay about double the yield of O.
nrl, I too had a post deleted. So just some Yahoo issue. But meanwhile we just keep ignoring
the sick guy. Yes this stock boring, And I don't know how much higher it could go. Even with flight to safety. But I thought that at $55. Anyone think people will eventually rotate out and wonder if we will see a good entry point around $50. Any thoughts by anyone?
In the end we are all better off not replying. He really is a sick guy. You can still get your laughs by reading. But true now mostly repetitious and not as entertaining.