Let's face it, tobacco and real estate are pretty disparate holdings. I wonder what the long range plan is. In analogous situations, Manitowok (food, heavy machinery) and Brown-Foreman (booze, kitchen, cabinets) spun off into two companies. Not saying VGR will follow suit.
Anyone around here have a clue as to what VGR's real estate strategy is? What are they looking to invest in? Perhaps they haven't found anything that fits their criteria at this time.
As I've said before, this stock is so thinly traded, 200 shares can make it move double digits. I don't think anything is to be inferred from the move Friday.
The job of those who write for MF, SA, The Street, etc, is to churn out articles; that is what they get paid for. The legitimacy of those articles is always questionable. My own view is that giving them credence is really no different than following some anonymous poster on a board saying "Sell all your GE today!"
Who said sell? Not in my plans, as I've said before. I'm holding in the hopes of some form of recovery. A jump in the div would be nice, but how?
A free market means intelligent and responsible people can be successful. This is anathema to the Dems, who want everyone to be dependent serfs of the government.
This is now a rock and hard place stock. I think management is good enough for survival. But they can only tread water. The rest of my portfolio has partially compensated my big hit here. But to me, the miracle would be at about 10 in 2 years.
Faith is belief in things unseen, i.e., no empirical evidence. Might work for religion but not the market. Management has shown in the past to be friendly to shareholders. Declaring a dividend this time around is reflective of that.
Don't know what the future holds. But I'm standing pat for the time being, as tough as that is.
Welcome to the club of those of us who have a cost basis over 20. I've given up trying to figure where AWLCF is going. Just see that people continue to sell. Not sure when that will reach exhaustion.
Not sure what to make of them still paying a div, even though it's only 10 cents. I'm already into a 6-figure loss on paper, but selling now wouldn't generate all that much cash. So I'll hold and wait it out.
Lots of reasons to sell, not all of them nefarious. I don't pay all that much attention to the stock price; it's range is narrow. I look at it as a CD, with a bigger return in terms of cash and stock.
This is a good board for discussion; people actually talk out the stock, instead of politics, religion, and personal attacks.