It really isn't guessing. It's watching this stock for years. Will it go down to single digits? Doubt it. More likely it will sell out and spin off its real estate to a REIT. At any rate, at present, I think it's a good deal. When I cease to believe that, I'll liquidate. I am five figures in the green on it. So I can hold on for now.
Yes. But they have done that for years. So they are down big today. Yet over the years they somehow mange to survive, despite the doom and gloom predicted. VGR is my biggest holding. I added a couple week ago. It just seems to chug along.
Good point. It may push the stock down as a negative. It may push the stock up with the thinking they're conserving capital.
Awilco is going to sit in the 3.20-3.80 range for some time. Lacking any positive news, there's nothing to push it up. Plus it's thin trading means it moves on 200 shares, usually down.
Your doom and gloom scenario has been forecast many times over the years. Yet VGR still manages to pay the dividend and the 5% stock distribution.
There has been speculation about the future of VGR as long as I can remember. Will it lower it's dividend? Will it be bought out? Will it form a REIT?
All I can say is that this stock has been good to me for years. So much so, I added to my position today.
It's quiet because unlike other Yahoo boards, people here pretty much stick to talking about the stock...and sometimes there isn't much to say.
VGR will exist as long as people smoke. If it can buy the remainder of its RE holdings, it could, theoretically, spin that off as REIT. But at this point it is all speculation. At present, it continues to pay a big div and a stock div.
Pays a 1.60 div per annum and a 5% stock bonus in Sept. Has for a long time. Those who might be negative point out it's a tobacco stock (with real estate, too) and that there is no way it can continue its payouts and stay solvent. But that has been said for years.
I've been investing for over 50 years. We all have our successes and disasters. Did well on CAT and MMM. Got nailed on ARCO. Am still well ahead of the game. VGR is a keeper.
Well, they say when Buffet dies, BRK will take a big hit. We'll have to wait and see. I'm looking to add a little to my VGR today, given it's down quite a bit.
As said above, fundamentals don't seem to count for much anymore viz stock price. As long as Awilco is perceived as weak, it will have an ADV under 10K and 500s can take it down 5%. I hold on because I am basically optimistic about its future, and can absorb the big loss I've sustained.
True. I do not foresee much upside for Awilco, short of a buy out or going private. Its trading is so thin, 100 shares can move it. Some days it doesn't trade at all. I'd be happy if it could get back to 4 or 5, but that is unlikely in the next year.
Have held VGR a long time. Never complained about it, never will. The REIT rumor has been around for years. Don't see it happening, wouldn't mind if it did. Nor if a big tobac firm bought their e-cigarette business...or the whole company. I made back my cost way back when.
AWLCF is going to sit at 3.50 for months. It will have to cut its div to .10, and watch as the price drops. Those of us who are long term just have to hang on.