Yes - the downgrade was a gift to first-time buyers - if one wants a quick buck, this isn't the stock, but the analyst said, "dividend is safe" which for many of us is the holy grail these days of 1.43% on ten year bonds. . .also the dividend is qualified at 15%, so for those of us who are "Buffett" type investors, this is the place. . .as for California, don't bet on the parole release ballot proposal passing, Californians may be liberal about many things here, but always tough on crime!!
I went through this with Merck and the Vioxx litigation - it was a great time to buy and a great dividend yield there until the litigation worked itself out. . .note that Merck is still in business and paying a nice dividend. . .at least 10 of the companies I have owned have had this type of litigation - shareholders get about .02 cents if that!!!
At this price and with a 12% payout, and cash to cover the payout, AND the Con Ed connection, this looks VERY good - I hold Con Ed which is why this came up on my radar - I think a lot of other ED investors will be over here in the next few weeks. I am a long term investor - have held Con Ed for 15 years - they always increase their dividend.
The market seems to like the resolution with Bluestone and the end of the Quicksilver bankruptcy ongoing process. . .maybe this long suffering stock will see better days.
I can't see any real reason why this stock has come down from 60 to 43 - the earnings look good and the dividend was increased. . .is it just the bad market or am I missing some big news here??
there go the Saudi oil fields - bring on the North Dakota Shale!!
lack of volume and lack of any board interest shows that all the sellers of 4 or 10 shares from spinoff are gone. . .I am amazed at the lack of knowledge (but I shouldn't be) by investors who didn't even know they were getting spinoff shares - they just "turned up" over the weekend - don't people read the information that brokers send out, or press releases???
I wasn't going to chase this up, so today's small investor selling (many sales of 3 or 4 shares) took the price down fast, and I got my Christmas wish.
Fools sell - I buy -
The quarterly earnings were .40 and if we assume that will remain at least at .40 x 4 - $1.60 a year times a low PE of 12-14 range, and you have a fair valuation of between 17-20 a share. PLUS a 7% dividend at today's 14 price. . .BTW - THANK YOU newbies for driving the price down so I could pick up more shares this morning at 14!!!
This is great news for pipelines - sooner or later oil will recover and USA will be exporting to our allies - especially with problems in the Middle East and possible terrorism of Saudi ports and oil fields.
The Budget Bill was a RIDER on the Export Ban Lift - not the other way around - mark my words - when the Saudi port has even an attempted attack, oil will shot to $70 in minutes and American exports will soar!! In the meantime USA oil companies will take a page from the Saudi's and build market share with Japan and South America. All that oil will go through KMI pipelines.
I am already sorry I didn't buy more yesterday - I rounded up from odd shares to 100 in each account - so just have 300 shares - will likely build a position to 1000 or so as RMR seems a better bet than my long suffering SNH!!
Interesting, I have held SWZ for now about 8 years, and have always reinvested my dividends - I now own more shares than I bought, so even this current .43 cent payout means $2000 on my 5000 shares. . .when they do a large $2,00 payout, I really clean up - I live in Zurich two months of the year, so I found this was the best way to invest in the Swiss economy without foreign tax headaches. . .I love Nestle and Novartis, Roche, etc. . .so why not??
wow - from 1.92 - 2.05 in one day for this stock, and on thin trading - LIMIT ORDERS please . . .I am here for the long run, but I don't like to get indigestion at lunch!!
There is an article in today's WSJ (November 14)which mentions the Targa takeover could generate a large UBIT tax - would that impact holders of Targa Resources, or holers of Targa Corp. . .or both if held in IRA?
I agree 100% - your points are pretty much my thinking - that is why I have been buying more. I have owned SNH for about 10 years, so the high dividend yield has essentially paid for my original purchase. People really don't care about dividends they want a quick buck on Tesla, or are scared off because the 10 year t-bill is now paying 2.30% - do you want 2.3% or 10% . . .a no brain decision in my book.