While I'm happy I'm in the green on my recent small position in WIN, remember WIN doesn't have the growth to bail out a bad buy. Be patient and don't feel the need to jump in as the price continues upward. I'm hoping to add some more shares in the mid 4's but I'm happy to just sit and wait until the Q2 results are announced. If WIN continues to show a drop in revenue, the price could reverse and give me that opportunity. If not, I will be happy to sell at 5.
Me too Brock. Made my first purchase at 4.79. Will hold back from purchasing any more until Q2 comes out or the price drops down to $4.50. Would love to build a position around that $4.50 mark.
If you had to change your investment allocation because of the price action of one stock, that's a sure sign you are not diversified enough. Take a hard look at your investment portfolio and make sure that you have the proper diversification.
Before the spin off, I had a buy range for WIN below $7.50 shares and a sell target in the $9.00 range. The yield is now in the neighborhood of what it was back then. Thus, on a yield basis, I'm paying basically the same as it did back then. The spin off should add some value to WIN but that is not being reflected in the current price. Believe me, I have no illusion about WIN. I won't be reinvested the dividend and when I complete my position in WIN, it won't be that large. My investment strategy is to milk the dividend and sell part of my position on any updraft the share price may present. However, if WIN ever starts getting some revenue growth, that strategy may change.
Unless there is a short squeeze, they shouldn't have any problem with buying back shares. You are assuming that every share being shorted is a naked short. I have no way of knowing what percentage of the shorts are illegal naked shorts but I doubt if it's 200 million. If it's 10% of the shorted shares, that means that 20 million shares are naked short shares. The average volume is around 6 million. I don't think the shorts are worried.
I bet the shorts are really hurting. Win is only down 62% in the last six months and 71% in the last year. Those shorts must really be struggling to pay that dividend. Be real. The shorts are dancing in the streets because of WIN.
I believe the market is concerned that WIN when not be able to make the proper amount of CapEx to grow revenues and maintain the dividend.
Just to clarify, how are you calculating cost basis? Cost basis is how much you paid per share. It has nothing to do with how much you earned on that share.
By subtracting the value of the 20% of CSAL from WIN you are assuming that WIN and CSAL can be valued as separate entities. What is the value of CSAL if WIN doesn't exit? Once that is determined, then you add the value of 20% of CSAL's to WIN's value . The market must be valuing WIN and CSAL as having a symbiotic relationship in which one entity cannot thrive financially without the other. I'm not sure the market is correct but I'm not sure the market is wrong.
It could be the analysts just have a difference of opinion. No conspiracy needed.
At least wait until the Q2 results are out. If revenues and profit margins are still declining year over year, wait a little longer. If the revenue is steady and profit margins are holding steady and the PPS is under 5.50, then it might be okay to buy. I, personally, would like to see it in the 4's before I buy unless sales/profit improves.
Really? The problem with WIN can be solved by a buyback? So they should cut the dividend, cut the capital expenditures, and/or borrow more money and buy back stock? I