Without going in to detail on my calculations, I know they offend many anyhow, have made my revisions. Target price for year end between $11.25 - $11.40, next years dividend about $0.24 - $0.26. Down from $11.50 - $11.75, and $0.26 - $0.28 respectively.
The heck, cant say what I really mean due to who knows, with you group of cheapspamturds. Move along ya'll ignored
Doubtfull, don't see a hike this year or even early next year, they won't buy to sit on dead money, and, if they were accumulating, they doing it smart, since no really outrageous blocks bought. Think with rate a stock like RF, what 1.9%, not even close to Tbills and bonds, there is more to it. Until RF can get yield to 2.5% minimum, IMO, it has upside, but not a great short term investment. Long term, yeah, that's why I sold from taxable account and bought back at lower prie in my ROTH. Low payout ratio does leave room for dividends to grow nicely for a few years. Reinvest them now, and wait to wake up in 10 years, you may be happy. Keep an eye on it when it gets too far ahead of "YOUR" anticipated price, sell some and buy on a pullback you would then anticipate.
Been in it sonce mid 90's RGBK days. never gotten totally ot of it in all these years. Bought when I thought value, sold a chunk when I thought it got ahead of itself. Stradegy helped in the bank crisis days. High volume in RF lately, seems above average, and agree with the big bank buying, I entered a position in Wells Fargo, by far my favorite.
Nah, saod way back when it was over $11.00, RF got ahead of itself, and said sold a portion, only to be called an idot, a fool, and more because of my calculations of what "I" thought it would be at year end, where has wartmbs been, aint seen him for awhile... Oh back on topic, been figuring EOY $11.50 - $11.75, and for now will stick with it. Yeah I know, it means I am expecting over 10% from here by year end, and no my calculations didn't account for geo-political problems we have seen in the Ukrain and Middle East. Things calm, economy shows some kind of bump, then yeah it is attainable.
For RF have my buy mark at 2.1% dividend yield, and if it happens, my YOC will look better next year, as I anticipate another boost announced in April for July payment. Me, looking for around a $0.24 - $0.28 dividend in 2015.
Now, contrary to some, I am not and RF basher, and have done OK selling some (not all) of RF, and have always bought back more, with the same dollars collected including transaction fees, at a lower cost basis. Yeah taxes were there, but, when I bought again, was for my ROTH account, so long term, I am positive on the Company.
Think the direction has played out, looks like a water slide at a summer tourist joint, opefully soon, we see the flat line indicating the ride is over, and we can all get out and chill. Gonna hold, if it drops to a 2.1% yeild, might pick some up, but until then, I'm holding and waiting. Also, snce its new to my ROTH and dividends are reinvested, I have no problem with the price currently, me I am looking more to what I might acomplish with this by 2025 - 2030 than next week, but, even that doesn't mean just buy at any cost.
See some rumblings bout HBAN and FITB up RF down. Think the key is those guys beat estimates RF equalled, beat mine though, kudos. So what incentive was presented to make people think now is the time to invest in RF? None at first glance, will read the transcript over the weekend, but me still holding not buying. GE and KO looking good though as potential purchases.
Damn, look at the news links, Zaks reports RF announces before the bell....... oh me oh my. wartymbs apparently feels buy the open, $11.00 on Tueday, but then he was screaming Cramer when it was $11.00 plus, so do our own DD there.
And don't want to take anything off ignore, but see wartmba has seen the light. Buy low, and, when RF gets ahead of itself, sell some and wait for another pullback. That fooll used to try and accuse me of being a basher, too pessimistic on RF, now seems he agrees. Although, must say glad I didn't buy when he was screamng buy buy buy at over $11. Still see around $11.50 - $11.75 shot by year end, but with these markets and geopolitical and economic things effecting them, who knows. We could pull back farther.
But with the plane shot down, unrest in the Middle East, a bad June housing number and pending earnings announcement on the 22nd, will hold off until after the earnings are announced, maybe even wait until August see if anything shakes out or gets clarity. If someone was holding a gun to my head and said I had to buy something, right now would be either GE, nice yeild, figure we are due for a dividend increase, INTC, nice run after earnings announced OK yeild, and figure increase dividend with next dividend announcement. Third place would be OMI, decent yeild, steady dividend grower, and underweight from where I would like it to be.
Hmm, DOW up, NASDAQ up, and all of my stocks, errr, with the exception of one was in the green today. Well, maybe we get a small pop with earnings on the 22.
Well, looking at my spread sheet, I know some think calculations are foolish, I am sitting at $12.89 for year end 2015. Hoping a dividend of around $0.30 in 2016, and that still only gives, at current price about a 2.80%.
Seems like steam roller moved backwards to gain some steam.... Me, hoped for a drop under $10.40 where I was willing to pick up some more, but no go. Me still sticking with around $11.50 - $11.75 by year end.