I'll probably wait it out a few more days and then buy enough to bring our cost basis down and our ROI up. It may match the 52 week low in the $13.00+ range.
We're down 4.08% as of this minute. But my first purchase was at 17.08. I kept buying to reduce the C/B. It's now 15.79 and I just may double up today if it drops a couple more cents.
Then why not split 4-1and make it even MORE affordable for the small investor? I consider my self a small investor since we own less than 1 million in stock, spread over 22 companies, and I bought this stock when it was in the fifties.
Don't see why. We wind up with twice the shares worth 1/2 of the value and the dividend gets cut in half for each share. Net result = nothing.
Heck, I reaized that when Reagan turned the GOP (my FORMER party) into the 'Borrow and Spend Party.' I switched. I was correct. Reagan triple the national Debt, GHW Bush almost doubled it in 4 years. Clinton raised it 4.4% a year, on average. Then we got the debacle of GW Bush who raised it 89.9% AFTER inheriting a Balanced Budget, a projected 5 Trillion surplus, and an unemployment rate of 4%. W sure 'did the pooch' for 8 years! And yet you blame the 'Black Guy.' His hands were tied. He HAD to continue TARP and the Bailouts or this nation would have had the Great Depression all over again.
We've been buying Fords for years. Never have problems. I think it was you and your driving habits. They won't improve with a Fiat. Which is rated one of the WORST cars in the world for quality, just in case you don't read men's magazines.
"Bill" didn't do away with the provisions of Glass-Stegall. The Republican Congress and Senate did. I'm sure you have many other misconceptions about who, or what, has really brought us to this point in our nation's economy. I speak as a former GOP voter and supporter and as a person that studied economics at Michigan State University in the 1960's.
There is no Earthly reason to split this stock anytime soon. You wind up with twice as much stock and each is worth 1/2 of what it was. Years ago the theory was that a lower price encouraged some lower wage people to buy stock in companies. And it worked till GW Bush got in office. Some people got bit pretty hard and are not prone to buying anything but Mutual Funds now, if they are able to invest anything at all.
I started buying SO in 1995, direct purchase with dividends reinvested. In 2004 I gave all but a couple shares to my grandchildren and started buying again. They still have it. At one time it was the biggest holding in our portfolio, but when it went over $46.00 I started selling some and diversifying. Sold 1100 shares and have less than that now. But the stocks I bought with the money average 6.54% in dividend and grew 23% last year. SO is a good 'anchor stock' or a good stock to own in a bear market, but don't overload on it.
I have owned SO since 1995. I've bought on the dips and sold on some of the highs and don't have enough, any longer, to cover my electric bill (with dividends) but we've built a nice portfolio since 1995. I retired in 1997 at 59 & 1/2 and this has been a 'hobby' that's paid off very well. We have 2 accounts. Investment, which has taxable and tax deferred stocks and the wife's IRA. She has 6 more years before she has to take a distribution. The investment is in CCUR, EPD, PFE and GE. The IRA has 22 stocks in it. If I thought there was a real serious downside coming I would sell a bunch of stuff and put more into SO. However EPD has been a terrific stock and the distributions are not taxable until you sell, then it's taxed as capital Gains. Have no intention of selling. Take a look at MLP's (Master Limited Partnerships) but avoid KMP.
With no insider buying and all sales for over 6 months think I'll stay on the sidelines and just hold what we have. That's a red flag for me.
It's gonna have to start pretty darned quick!! Can't decide if we should buy more or just sit tight.
I sold our PLL stock at $56.10 and invested it in EPD, and 2 others. All of which have gone up more, and pay a way higher dividend. Plus EPD is a Master Limited Partnership and the 6%+ divvy I collect is not taxed by the Federal Government. How's that for bragging? And my wife retired from PLL. Thank God I retired from Federal Service. A PLL retiree doesn't get squat for pension and gets no health care at all, so we rolled her pension into her IRA and invested it since we don't need the income. Doing a lot better there than if taken as a monthly payment!! It's value has doubled.
I looked at NM and rate it 'do not buy.' I had some $$$ in the IRA that wasn't invested and I bought KCAP @ $7.98 instead. Pays a very healthy 12.53% dividend. We'll see how that works out. I already owned thousands of shares of KCAP.