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