This is not something that you hold for a few months, it is something that you hold for a few years. I have held it for a few years,a and my average price is a little over $11. With my dividends, I am still way ahead. I would not sell (or short) at this point, I would buy. But of course, if your investment horizon is only "a couple of months", I would suggest that you go somewhere else. There are plenty of short term "pops" that you can gain from. PHK, with a dividend that has not changed in ten years, and a very narrow trading range (look at the 10 yr chart), is a slightly longer term investment.
First of all, you are not getting 10%/year, it is currently 15%.
Second, as you get 1.46 in div. for every year that you hold, thus reducing your cost basis by the same amount, you are still way ahead on PHK if you have held for more than about three year, even if you purchased at around $14 ($14-4.38=$9.62), which is VERY high, as the trading range, which is very steady, is $11-$14.
Third, the price has been as low as around $4 in 2009, but they have never changed the dividend. By the way, if you had purchased in 2009, you would be earning 36.5% in dividends, and you would have earned $8.76 in dividends, and you would STILL be earning the same dividend. That's more than a 200% return, with a continuing flow. Not a bad deal!!!
I wish that I could have purchased almost any stock at the "low", and seen a gain...NFLX comes to mind. But, alas, I purchased stocks that pay a nice, reliable, dividend, and even if they don't "grow", my returns over the years are almost always good. By the way, comparing your portfolio to the DOW is a false argument, because when DOW companies fail (GM, C), they are simply replaced with more successful companies. If you held onto your "DOW" for the last 20 years, your return might not be so great.
My experience with PIMCO funds is similar, and I look at the trading range, which for PHK it is between 10 and 15, so I only buy when it is below 11. With a 15%+ return at that price, I am not complaining, or looking at "what I COULD have done."
"You want to be greedy when others are fearful. You want to be fearful when others are greedy" Warren Buffett
You just sold at the lowest price since 2009.
Not certain as to why I wild look to dan86 for investment advice as I have put him on ignore due to his hysterical rantings. And even at 5c per month, you are still at 8%. Not bad as far as I am concerned. Right now, you are at 15%, which is also quite fine with me.
Jun 9, 2015 0.183 Dividend
May 7, 2015 0.183 Dividend
Apr 9, 2015 0.183 Dividend
Mar 10, 2015 0.183 Dividend
Feb 10, 2015 0.183 Dividend
Jan 8, 2015 0.183 Dividend
Nov 16, 2005 0.183 Dividend
Oct 19, 2005 0.183 Dividend
Aug 10, 2005 0.183 Dividend
Jul 25, 2005 0.183 Dividend
And so on, and so on, and so on....
So if you purchased your shares in 11/08 at $4, your return is now almost 40%!!! WOW!
I think that PIMCO is much larger than Gross.
ConEd got busted for the East Harlem gas explosion last year. City was also blamed, so now it is up to the lawyers. Lawyers will be the only ones making money here until this blows over.
But they do have a sh**load of solar panels on their stores!!.
I think that you can write the obituary for coal. Coal has gone from 45% to 38% since 2010, and coal power is being replaced by gas in most cities (NYC is almost entirely gas and nuclear). Solar is growing in the west, and in Europe, and even China is beginning to recognize the hazards of coal. Stay tuned, but as I said in an earlier post, watch the "utility scale" solar companies, because as they complete their installations, they will become more like electric utilities as they gain more of their revenue from essentially free solar power.
While solar panels might be great for people living in rural areas, with lots of open space, and far from the "grid", ConEd's major market is New York City, and placing solar panels on the roof of a 30 story apartment building is not very practical, and even if it was, they would never be able to provide enough power for the occupants below. I think that we are safe for a while.
Meanwhile, the solar power companies that are doing "utility scale" projects, WILL eventually become more like SO and ED, as they finish their installations, and begin generating and selling essentially free solar power.
And when it does, I will buy more!!! Bottom of the trading range has been around $60, so anything below that would be a buying opportunity.
Actually, there are still a lot of people who use AOL. But that aside, they are not buying for the AOL accounts, they are buying it for all of the other "stuff". I suggest that you read the news.