bought another 1700 shares today on the dip today at $17.56 PPS. have 6067.1 shares. may not seem like alot to others but is a major holding for me. altho yield is very good, and well protected, am counting on this position primarily for capital gains. P/E relatively high but supported by recent track record of great EPS. as PLOW is a relatively new public company, 86% of shares are held by institutions. that is high. PLOW not getting enough ink as private investors should own 50%. latest earnings report, altho stellar, did not drive share prices enough and to me, that makes for a "buy". targeting $20 PPS during Sept - all other things being equal.
this stock is a great value and should suit conservative investors very well.
hope to see some chatter on this board. i realize there aren't many private investors here but always like to see opinions.
Sentiment: Strong Buy
gotcha. my mistake. i wrongfully thought you were referring to the payout date vs. declared date.
looking for another entry point here but lately, PLOW PPS is performing as expected.
will wait for a market dip.
Uou are incorrect and this is a common misperception. the PPS is adjusted down on the ex-dividend date, NOT when dividends are paid.
Dividend payments, whether they are cash or stock, reduce retained earnings by the total amount of the dividend. In the case of a cash dividend, the money is transferred to a liability account called dividends payable. This liability is removed when the company actually makes the payment on the dividend payment date, usually a few weeks after the ex-dividend date.
Hope that helps.
PLOW is a good holding.
this small cap stock performed horribly. never should have bought in. lost 8% and have decided enough is enough. as i sold off, i had to sell no more than 350 at a time which also led to transaction costs.
the dividend yield is a joke.
daily sales of 300 shares can drop PPS by 1%.
as i sold, my transactions drove the stock down because float is so small. when you see PPS at $5.50 and sell, expect to get about $5.35.
would definately NOT recommend this company. earnings also disappoint.
Sentiment: Strong Sell
have seen enough. lost 12% on this investment and see nothing that would indicate a reason to buy in to cost average. management fails to execute their buyback despite PPS drop of nearly 15%. tells me they expect it to go lower.
also, most who want guns have them. S&W stock plumeted as they missed earnings by a mile and i expect the same for this poorly run company.
market reaching all time highs, RGR dropping like a rock. not a value either.
good luck to you. i will take remaining principle and reinvest to make up for this loss.
Sentiment: Strong Sell
don't know if you will see this post but i thought to drop you a message. mayhaps your i.d. is tongue in cheek but i never want to see an eng thinking himself a peon.
i got a B.S. in mechanical eng with a minor in industrial management and worked first as a product design eng and then a mfg eng for many years. my company offered to pay my way if i would pursue an MBA. i did and was eventually promoted to Director of Operations. years later i retired as a VP/GM from another mid sized privately held manufacturing company. my engineering background, coupled by a financial acumen served me well. go pursue an MBA and lose the peon moniker. we need more management types with engineering backgrounds vs. legal or solely finance histories.
all good things must come to an end. sold off all BP holdings today in addition to taking remaining Apple profits. also liquidated Integris after they popped $8/share after announcement of WEC buying them. all 3 positions were very profitable. BP capital gains came in at 27% including modest position prior to spill. also realized an avg of 4.25% yield after paid dividends last week. wanted capital for a real estate investment that is just too good to let go by. am still into market big but time to ring the ole cash register.
i wish all BP long's well. davenport, retiredbill, stoolpie, gstocks and drdis. i appreciated your posts. you all will have to counter vikkitrader and stakeholder's negativity and attacks without me. lol. neither are investors. just 2 jealous miscreants seeking to find some cause to validate their existance. unfortunately they picked BP. mayhaps they are one and the same.
altho closing my BP position, and maintaining presence in other publicly held companies, i still rate BP a strong buy. was somewhat concerned over the rising P/E and, like engineer_peon, thought it a good time to exit. BP is close to being best in class and returns a nice yield while protecting share price. definately a shareholder friendly company.
as Spock is fond of saying... "Live long and prosper"
Sentiment: Strong Buy
sikkitrader, how much do you think BP will rise if it's announced that the company wasn't "grossly" negligent? 5% 10% 15%
we investors wonder about that question. lol.
also, once a verdict is rendered, even if it is of the "gross" nature, is that a buying opportunity for investors?
i doubt there is much of anything that appears rosy to you. you've made that obvious and that is sad for you. as investors, we have done rather well here. gotta rattle your spurs even more.
i just love the way daven gives you the ole beat down. yet you continue to ignore him. logic totally eludes you.
stoolpie, i agree with casmata. my research indicates that only 11.54% of all outstanding BP shares are owned by institutions. since i also have a position with COP i use them for comparison basis. 64.12% of all outstanding COP shares are owned by institutional investors. a huge difference most likely attributed to ongoing BP legal issues.
XOM is held by 48.66% of institutional investors. that is about 1/2 and what i would consider normal.
also, fyi. as of May 31,
Short Interest (The number of shares of a security that have been sold short by investors. It is typically expressed as a percentage of the total number of shares outstanding and is reported on a monthly basis.)
BP = 0.13
COP = 1.86
XOM = 1.12
i find that interesting. my take on those absolute numbers is that shorts believe the news yet to come to come on BP already have negativity built into PPS.
what is suprising is the BP P/E ratio of
BP = 16.44
COP = 11.61
XOM = 14.13
current net profit margin
BP = 2.65%
COP = 15.32%
XOM = 7.37%
in summary, it appears that BP may be oversold. time well tell....
i am hugely disappointed in RGR and management's failure to grow the PPS. the buyback isn't happening and the bottom continues to fall out. RGR totally underperforming the DJI avg. i bought back in at 65.84 and so have incurred a 9.14% capital loss. by far and away the worst holding in my 24 stock portfolio. nasty.
altho i agree with the majority of your post this company is simply unattractive to institutional investors and many individual investors have bailed. the yield is decent at 3.61% (mediocre) and the P/E is quite good at 10.7. Forward P/E also good at 8,94 but that is suspect. however, Mr. Wall St doesn't like RGR.
i can't see any silver lining here. revenue looks to decrease quarter over quarter as demand drops. if you were going to buy a gun, you already have. sales aren't going to increase unless there is a very strong push for anti-gun legislation and that has cooled off.
and where is the stock buyback at??? now would be the time UNLESS management believes PPS to fall even more before they initiate. That sign doesn't bode well for shareholders.
this position is on my bubble list. i made a bad move getting back into RGR. i will hold for time being and monitor closely.
actually, a little bit funny. where else could such an inept, backwards, silly, CEO with the track record Michael Koss has continue to keep his position other than with a family controlled company? he is the laughing "stock" of Milwaukee.
other than Koss family members, i simply can not believe anyone would hold this stock.
Sentiment: Strong Sell
oh, i meant kelsey grammer. his ex-wife just took him to the cleaners.
i see GLNG still on the pop. doing well with oil stocks too (to). BP and COP having nice runs for me.
i keep waiting for Russia to squeeze Ukraine harder with their ntrl gas supplies and then for US to bail out the Ukraine with heavy shipments. Ukraine doesn't pay their debts and is in the hock to Russia for $billions. regardless, oil, ntrl gas, and related stocks invariably make nice moves during unrest in Europe and Middle East. we are seeing that now.
i also believe that alot of shorts are covering their positions with GLNG. with this run they are experiencing the good ole short squeeze while they have to pay out for dividends as well.
While the yield is good, i am concerned about the high P/E....
i think you mean "too", not "to". your finance acumen is as poor as your English and grammer.
i am loving this run. am now up 35.34% capital gains as i bought in at $42.47 PPS. along the way the yield has produced very nice dividend gains. have been waiting for this position to pop as it represents 7.46% my stock portfolio. have done as well with GLNG as I did with AAPL but dividends have been better.
an important rule i have followed over the years is that good stocks get better and cheap stocks often get cheaper. it is about percentage rather than just $/share.
your post is just #$%$.
i used to use the DRIP but decided i would rather reinvest when i thought it advantageous vs. just having dividends automatically reinvested at whatever the shareprice happened to be when dividends were paid out. i like having cash accumulate in my Ameritrade money market account and then investing when the market takes a dip.
good fortune to us "Longs".
BA, UTX and NEE all have done well and look to be solid. as i work the retirement thing tho, i look for a 4% yield on new investments and am slowly selling off low yield companies and replacing them with those conservative dividend payers. Just dumped 67% of my Apple holdings and left behind only profit as their yield is only 2.06%.
i took a good look at your NEE but i am too heavy in utility related stocks as is (have 6 of them).
BDC's are down and i may increase my position there. Their yields are great and they are all diversified. Am keeping a 9% cash position and will buy back into market on a big dip or pay down a lake home i am preparing to build upstate NY. We shall see.
all the best to you.
as Spock says, "Live long and prosper".