Think the downturn the last several days is a sector thing , not company related. Check the holdings in the XLU and all of them are down.
Can't find what is going on here but I just increased my position by 50% in this stock. Bought ORRF last year and doubled up with no dividend. With the price being $11.70 it makes for a 2.75 dividend which is better than the .60% interest I was offered this week on a maturing CD. I'll take the dividend (hope it stays) and wait until the price goes back up. Appears to have bottomed for the day.
Don't know why it's going down so much. Bought some yesterday around the low and thought I was getting a steal. Pick up the ex-div next week! Getting burned big time today! The reported numbers certainly don't justify this drop in price. If I had any confidence at all in this stock I would buy more today but something crazy is going on here!
Michelle Obama better worry about her own big #$%$ before telling other people what to eat and drink.
I think this dividend increase will get some interest in the stock and look for a run back to the 90's. I just bought some more at $83.30 and I will just hold and collect the dividend until it takes off again.
There are risks in all investments. What if you bought the end of April for $48+ you wouldn't be so confident now. However, that being said if SO breaks 43 today think I will pickup some shares.
Are we getting $1.315 next payment on July 1, 2013. That's the special dividend of $1.00 and the "quarterly" dividend of .315? That's why the NAV is down the last week or so since the dividend lowers the stock price by the amount when it goes ex-dividend.
How about this. The stock has a run up before the ex-div date. Sell at the peak. After the dividend if the stock continues to go south you can buy back at the lower price if still interested in this stock.
I would like to pick up some shares around 30.50 or below and I would thank Mr. King for his screw up.