No problem here. All is in the wife's IRA. But if I decide to dump it the loss would not offset the gains in the investment account (taxable).
#$%$. How'd $15.00 sneak in there? Should have been $7.50. My mind doubled it for some strange reason.
They cut the dividend die to not having enough earnings or cash on hand to pay .25. They barely can cover the .21. And income will not allow even that to continue for very long. .78 in earnings. .84 in dividends = more cuts to follow. Pray for a miracle. This is the worst performing stock we own. We won't see $15.00 a share in 2015.
Where are the ones that said i didn't know anything when I told you they didn't have enough cash on hand to pay the .25 dividend and that distributable earnings were .75. Off by .03 on that. This stiock is trying it's best to be worse than PSEC, which I have never found a reason to own.
Wait. You're gonna have the opportunity to buy in the 13's very shortly.
Sitting on the fence while watching CY go down. Add/ Or just buy more AAPL and CBRL. Both excellent holds for us for the past few years.
And yet CY continues to fall. How much lower? Waiting to pull the trigger on a few hundred more shares to round our holding up to an even number. If it falls far enough I might buy a couple thousand.
I have been looking at several. Have a lot of EPD too. Sold the oil stocks a couple years ago. Sold bank stocks before the big crash. Sold when Regions Financial merged with Amsouth. Owned both plus CITI, BAC and CCBG. Been sitting on quite a bit of cash the past few months. Took some and bought a foreclosure. Sold it in 14 weeks with 62% profit. Short term gain - ouch.
Like I said. They don't have enough cash on hand to cover a .25 dividend, even if some of it is reinvested and costs them nothing. Down to .21 for last quarter but what about next?
Hope you're correct. This 8% of my holdings but I've sold a lot of stock and am sitting on a pile of cash right now. Had a Limit Order in for 3,000 more shares but it didn't fall to my limit price.