Nikita, One has to realize this is one of the oldest water co's in the US and the biggest.
I see it growing with more acquisitions but I also wouldnt be surprised if they sold California Am Water either. Monterey district is a continual headache because of environmental issues and the drought. In this day and age of 0 % interest rates its hard to find a return with less risks which make water stocks ideal.
I totally agree with you dconner. The beauty of this stock is that you dont have to worry about. I worked for AWK for 34 years and still own all my shares after my buy in at 21.50 on the IPO
Cannot buy on Scottrade. Says the limit price is too far from the Market price. I am putting in a Limit order price a couple cents over current price. There is no ask price or bid price.
All I know is ATTBF is getting hammered everyday. I buy on the dips and then loose more money. It seems the party is over for pot stocks in general. Time will tell.
what a roller coaster day. Guess this was not taken as good news. I sold at 2.24. May buy back in but got cold feet. Lots of bad press about pot stocks in last couple days.
I think the threat of higher interest rates is killing the water stocks right now. I am a longterm awk investor and employee
I also think that both AWK and AWR are showing that they are interest rate sensitive because it seems when the 10 year goes up the water stocks go down. I know utilities like low interest rates due to borrowing for infrastructure improvements.
I probably made a big mistake buying AWR on a dip on Aug 9th. Its done nothing but go down almost every day since. I realize I bought at a near high at 63.50 but like most people was frustrated with earning nothing in a money market so I thought AWR would be a safe play.
So, I was reading about a stock split on August 15th and was wondering if that actually happened and if its a reason for the drop in price . I did not receive any additional shares but maybe I havnt held it long enough before the split?......Would appreciate any thoughts or info. Thanks
All I know is I sure glad I sold at 11.11. I would be down $4500 if I had not. That equates to 1.5 years of dividends down the drain. Its very frustrating my 401k is paying .01% in its so called Capital Preservation Fund where that money is gathering dust but at least I can sleep at night. I dont think PTTRX is a buy for a long time until after the fed policies actually change and the fallout has hit bottom
6 month chart is amazing! Just curious, I would like to buy but not at high. I've owned AWK for years and done well but AWK seems to have hit a wall. I am a retired AWK employee.
ah duh...Cant believe some dont see the writing on the wall. Just the scare of needed increase in interest rates is killing bond funds. Just wait till benernekobama actually stops printing artificial money!
I love Bill Gross but the party is way over for awhile...sold 110K at 11.11...so glad I did...will get back in when its done taking a beating...not worth the 300/month income when I would have lost 10's of thousands
You cant ...simple enough...Pttrax had a great long run...party is over and its a natural re-occuring cycle.....Bernankowebama has taken away any somewhat safe investment... time to sit on the sidelines and enjoy a less than 1% return until the dust settles
So, why wouldnt you sell and preserve your capital and buy in later?... I love Pimco but am too old to ride out and loose all my gains
I had 70% of my 401k in Pttrx and 30% in stocks in my 401k for the last few years. I sold Pttrx at 11.17 and put it into a MMF for the time being. I do not want to buy stocks this late in the market rally so I will just settle for keeping my money safe until the dust settles. I do think in the future Pttrx will become a buying opportunity and I will keep a close eye on the stocks that I do own. Its sad there is no game in town to make money safely anymore.
Yeah him and Ben took away every other game in town. Wonder if he will bail out the stock investors too when the bubble bursts.
It seems the 10 year wants to rise most every day and Total Return is not hugely off its five year high. I love PTTRX and have 70% of my 401 in the fund. What are peoples thoughts on the future of this fund in today's complicated market and times? I dont have any alternative for a low risk investment thanks to the Fed's 0% policy.