The job of those who write for MF, SA, The Street, etc, is to churn out articles; that is what they get paid for. The legitimacy of those articles is always questionable. My own view is that giving them credence is really no different than following some anonymous poster on a board saying "Sell all your GE today!"
Who said sell? Not in my plans, as I've said before. I'm holding in the hopes of some form of recovery. A jump in the div would be nice, but how?
A free market means intelligent and responsible people can be successful. This is anathema to the Dems, who want everyone to be dependent serfs of the government.
This is now a rock and hard place stock. I think management is good enough for survival. But they can only tread water. The rest of my portfolio has partially compensated my big hit here. But to me, the miracle would be at about 10 in 2 years.
Faith is belief in things unseen, i.e., no empirical evidence. Might work for religion but not the market. Management has shown in the past to be friendly to shareholders. Declaring a dividend this time around is reflective of that.
Don't know what the future holds. But I'm standing pat for the time being, as tough as that is.
Welcome to the club of those of us who have a cost basis over 20. I've given up trying to figure where AWLCF is going. Just see that people continue to sell. Not sure when that will reach exhaustion.
Not sure what to make of them still paying a div, even though it's only 10 cents. I'm already into a 6-figure loss on paper, but selling now wouldn't generate all that much cash. So I'll hold and wait it out.
Lots of reasons to sell, not all of them nefarious. I don't pay all that much attention to the stock price; it's range is narrow. I look at it as a CD, with a bigger return in terms of cash and stock.
This is a good board for discussion; people actually talk out the stock, instead of politics, religion, and personal attacks.
Good analysis. I first got in at about 12. Have been rounding up my shares after each 5% addition. Recently bought another 10% on this downturn. It's a great cash producer which contributes nice to my retirement income.
VGR's 52-week trading range is about 5 bucks, about what BIDU does in a day. People don't buy it for the price, but the dividend. As long as that and the 5% annual stock addition continue, it will pretty much stay as it is.
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.