I have $52.00 basis in BPL. I am long! I will hold and buy more and wait for exports coming. Too bad I am paid over and over by shorts like you. I might have been wrong about buy in point but long term through war, peace, oil price fluctuations and crashes they have paid . Just look at the distribution history!
Wonderful management always thinking of what the customers need and want. Like breakfast all day long! Love it!
Tell me who since you seem to know. Seems like they announced huge step up in distribution while others raise by a penny.
See how well it bounces back!
If I take my shares off the market the price has lower support for the day. Think about it. During buy backs the company always take shares support off the market so they don't have to compete against themselves. There's a difference in selling -removing shares support and just not putting in a bid on the shares I hold.
This is shake out and it could even be large CBRL investors taking shares off the market which always lowers the price so they can get more before dividend. They buy on announcement, sell the next day then repeat all the way till close to dividend then they lock in.