I don't remember why we bought it. It was back in May of 2008. I remember thinking that it was a strange pick at the time but that is the beauty of an investment club.
Interesting I just bought into APL. I like the pipeline business. With the thought that the dividend should be safe and potentially growing.
Any body looked at this stock. It makes/repairs oil equipment (harsh water drill ships). Along with this they will be splitting into 2 company's this year. Just started doing some research and wondering if anyone else owns it. Thanks in advance
I agree it could happen. That is why I have a covered postion. Never want to loose money but would like a chance to make up for the lack of distribution last quarter.