I'll take step in another direction in regards to your statement "have to assume that the stock will go up in value". First of all, when you use the term value, I assume you are speaking of the stock price. The price could go up for two reasons prior to the spinoff. The "market" determines that the current price is too low and/or the market decides that two halves with a lower dividend is greater than the whole with a higher dividend. Given the price action for last 6 months or so, it doesn't appear like the market feels that WIN is under valued. So for future price appreciation expectations, you have to believe in a reverse synergy adding enough profitability and growth to compensate for the reduction of the dividend. I don't have a feel for what the market will eventually decide. However, I do have some dry powder but the price will have to drop further before I buy some shares.
If an investor would have made one lump purchase 5 years ago, he would only be up around 25%. Even if you're counting the purchased stocks through the dividend having a cost basis of 0, you made some major right calls in this stock's price action. Congrats.
At least for now, WIN has been a tough stock for a long term investor. For example, if you bought WIN 5 years ago, your cost basis including the dividend would be around $6.00. That means you have about a 25% return for your five year investment. If you would have put that money in an S&P index fund, you would have netted about an 80% return including dividends. Getting a comparable return on WIN is definitely an uphill battle. You have be very careful that you don't overpay for your shares. With the upcoming spin off, that history will change. Not sure if it will be for the better or for the worse.
Please point out in OCIR's annual or quarterly report in which there is any reference to their product used in baking soda production? That's not what they do. I know the words are similar but they're not the same. The Solvay method is how soda ash can be created. It does NOT have anything to do with baking soda. 3/4 of the soda ash is made using the Solvay method. The other 1/4 come from miners like OCIR. For your own sake, if you're thinking of investing in OCIR, do a little research into its product.
Every stock is not up over 10 times from their 2009 low like CBS. I wish all of my stocks have performed as well as CBS over the same time period. Don't complain about CBS just because you over paid for your shares or you got some of a weird personal argument going on in your life. Learn how to make money off your investments and move on. Life is too short to carry so much anger around.
No problem...the purpose of this board is to give each other ideals. Another stock I have a small investment in is EVI. This is a micro stock (20 mil cap) that is based in Miami and by-and-large is a dry cleaning operation. It pays a yearly dividend based on the year's performance. Equates to almost a 10% yield based on my cost. Unfortunately, it's up 20% today. Symmetric Capital became the largest shareholder. Change of ownership and all that drove the price up today. Not sure what this means to me as a shareholder. Need to try to figure that out. In the short term, it's a nice pop and I do appreciate it.
So the manipulators are responsible for the runup to $13.00 and now they are responsible for the drop to $7.70? I thought the run up was caused by the pre-hype about the REIT conversion and the run down was caused by a slap of reality and declining sales. It's possible, but I've found that I'm more profitable if I ignore that sort of reasoning and stick to my evaluation of the company's value. That philosophy is not perfect. For instance, I sold out of WIN in the low 9's during its runup to $13. Now I'm looking for an entry point, if the market cooperates. So far it hasn't. BTW, I don't think there will be a run up before the REIT conversion, that news should already be baked into the stock. We'll see.
I'm not following your logic. When a stock is near its 52 week low, I don't think the majority of shorts are hurting. Even accounting for the $1.00 dividend, a short would have to been very unlucky in their timing not to have made money off of WIN in the past year. I don't short stocks because I find it easier to make money with less risk by being long. However, I will still call a horse a horse. This last year the shorts by and large have done better than the longs with WIN.
I agree with you about management has been as clear as possible in regards to the spin off. However, I believe the market is penalizing WIN because of the inherent unknown that goes along with the spin off. Unlike CTL and FTR, WIN is trading very near its 52 week low. I believe that's the cost that the market is placing on the risk factors associated with the spin off. I'm still waiting before buying any shares. I was planning to start buying at $7.50 before the last quarter was released. I think there is a good chance that the price will drop below that price before the spin off. We'll see.
At the moment, I like BX. Based on the current price and the last 4 quarter dividends, it yields around 5.4 % plus it has a YTD appreciation in the neighborhood of 12 percent. That's makes around a 17.4% gain YTD. Completely different business and risks than WIN but it's been a nice investment for me. KKR is another similar stock but I'm not as familiar with that company.
What free government money did he used to buy houses? I guess, in your opinion, it would be better if he didn't buy the houses and just let the banks keep them empty.
Have you noticed the share price lately? I'm making some pretty good money on CBS now. Sorry you missed out. However, feel good that you pointed out that CBS lost 3.5 million dollars on FM last year. At least you were right about that.
Any dufus can cherry pick a time frame to make a stock look good or bad. I noticed that you didn't mention that the price of CBS in 2009 was around $4.25 a share. In that time frame, CBS is a great performer.
Seems to be doing okay now. Perhaps you're wrong???? It seems like you're more interested in self promotion than stock analysis.
No one can tell you that. People can give you their opinions and future predictions but that's about it. Also, what makes a successful investment is about 85% dependent (my opinion) on the actions, risk tolerance, and emotional makeup of the investor. The other 15% is brain work. I personally believe that $8.00 is too much for WIN because the potential return is not worth the risk. I'm certain other investors think $8.00 a share more than compensate the risk.