we need to break $8.22 ish decisively. previous low that just got trounced to $7.12
and archiroo posted that there is relatively little resistance from there to
$9.50 ish range. i kinda agree but i'm no technical wizard so time will tell.
as for the longer term. discount the $1.03 (mgmt reiterated this price in Q2 call or the MBS sale report a week or 2 prior) 2013 earnings by $.13 and this is a stock that pays approx 4% yield and trading @ 9x forward earnings.
Dirt cheap and paid to wait.
I think cheap but the majority here call it dirt.
the future will decide but people insist the past tells the story and that isnt how the market works.
right now, lets say it gets to $9.88
what would you buy????
you said you own in an IRA. almost all the safe defensive divvy stocks perfect for IRA's are high priced right now.
comin for you today.
but then your reply will be. well this POS was $15 yat da dah da dah and the div was blah and this mgmt blah dadaddadaddadada.
buy some more!!! overbeat by the haters. wont happen overnight.
invest or play blackjack
i dont think any1 knows whats goin on here.
been pretty quiet here. its usually good for a daily laugh yet somewhat informative.
very solid Bull/Bear arguments.
if the game kicked off when the HSBC deal closed its 7-0 BEARS on a flea flicker
they are lining up to kick off right now to the bulls.
what happens on this drive???????
keep an eye on the $.20 EPS for Q3. then we need a dividend raise. Then if this really was a "home run" we should be hearing increased guidance by mgmt late in the year or Q1 2013