This company is has paid a $0.31 quarterly dividend since the beginning of 1998, yes that's right, over 15 years ago. Not to mention that it was $0.305 prior to that. I'd say that is a pretty good history of stability. Not to mention that about 1/3 of its business is in banking, NOT utilities.
If you want to look at T/A and play support and resistance levels, that's fine---maybe a $23.50 support level and a $26.50 resistance level might be a good range to look at., In the meantime, a divy yield greater than 5% is pretty stable, and you can sleep well at night with this stock. There's NEVER a guarantee in owning shares of ANY company but any bashers are just trying to shake you out of your shares. Who knows, maybe they want to buy in cheaper too.
All I know is I'm pretty comfy with this stock for now, and if anyone would like to drive the price down to a good support level, I just might have to get my checkbook out again.
With the news of the lawsuit being dismissed, and upcoming earnings announcement expected Aug. 4th, news for LNCO is positive. Look at a daily chart if you're a techie, and you see a nice cup formation. With a nice divy, you can afford to hold this stock. The divy seems to be very secure now. LNCO should be heading to the $34-35 range in short order for another 10% gain, JMO. In the meantime, I'll take a 9%+ monthly divy to the bank. The bad new is in the rear view mirror. Time to add to this winner now trading @ $31.
Sentiment: Strong Buy
Up $1.35 on twice normal volume should be a pretty good indicator. Could be a good indicator that it's headed toward $40/sh. by summer's end? It hasn't been there for a couple of years, but could revisit.
...and you can now add another quarter to the timeline.
I used my imaginary coupon to add below $30. Thanks Mr. Market. I'll enjoy the divy going forward. The next decision will come when we get to the mid $30's as to whether or not I lighten up on some shares. I still believe you add shares if LNCO goes below $30, and sleep well at night.
Hasn't been that low since 1999, fifteen YEARS ago. I wouldn't hold my breath or lose any sleep waiting for that price.
The past is the ONLY thing you CAN analyze. Always has been, always will be.
The only person I ever saw that could analyze what hasn't yet occurred yet, ie. the future,was Carnac The Magnificent. My comment was based on over 15 years of what the company has done, which, by the way, is the best indicator of management's future actions. Of course it's no guarantee, but it's the best we can do.
You give nothing in the way of facts that support your view, at "Some day VERY soon" whenever that is. I'll take past performance as a better indicator, putting it ahead of speculation without merit, every day of the week. I know I won't win all the time, but it'll be one more thing in my favor.