I gonna pass, be quite a few years, 3 maybe 4, before RF even gets close to a 3% YOC. Added some GE though, looking at F and MRK before year end. But, as always, thank you for your estute, well thought out buy recommendation, I appreciate the time it took..........................
Nah, I live in Maryland, we got a flush tax, a rain tax but illegal votes....no WAY!
But then, I hear in Maryland, even if you are dead your vote counts
Well, even though the payout ratio is low, I don't anticipate a dividend increase announced until April, payable in July. Just my 2 cents, and with RF, maybe anything is possible.
Best not to tell a stockholder in RF "you can't go wrong" it has as many of us know. I am still holding about 4% of my portfolio in it, hey, yielding over 2% now. Me, feel better about Wells Fargo and am watching SYF since I hold GE. Right now would prefer adding GE, MRK, F and VZ.
Yer right Gillie, looking back, I picked some up October 2011 at $3.16, and later that year just under $4.00, so in 3 years I shouldn't complain about missing his bottom.
Actually, so far today $9.88 wasn't the bottom, $9.87 is, but I guess like "soon" and "long term", you're close enough.
Hmmm, pretty stupid statement mbs. No cost, in no way shape or form represents in and of itself, "value". Some one gives you a quarter, it is of no "cost" to you, but still has "value". Now, if you lost that quarter, it still would not have cost you, you didn't have it to begin with, and didn't pay anything for it, so, you lost nothing. Guess it's something you have never experienced yourself. If some one gives you something of some value, that costs you nothing, you have nothing at risk, and therefore can pretty much let it sit and go where ever it goes, up, down or sideways. No need to worry, because you are still better off.
Dang, just a tad late for the Rite Aid party, shoulda arrived at around $1.18 like some of us, and started walking toward the door in the low $6's, and continued in the mid $7's, only to still hold some of your original after getting back about 5 times your initial investment. Seems the price would have to drop a good bit under $0 for me to lose any of my money...... oh well, always need to have a late comer to a party
Gillie, seems you have answered 3 times, but he can't answer your question about long term, or for that matter mine about soon. So, we can figure his definition of long term and soon are one and the same, he has no idea.
Now maybe we put it another way that is more in tune with MBS' idea on investing. MBS, you have 4 quarters in a tin can, you buy four shares of stock. You now have no quarters in the can and 4 shares of stock. Your stock goes down 100%, so now you have no quarters in the can, and no shares of stock, all the while screaming buy, buy, buy, X dollars coming soon ! booya skidaddy!
And, others would say only a fool wouldn't have taken some profits when it was in the mid $11 range, and only screamed buy buy buy, $13 coming soon, booooya skidaddy!
Oh, and what is your definition of "soon"?
And, can I get a "booyaaaaaah skidaddy?
Actually wmbs, I was talking about your prediction that RF was a $12 stock, but alas, I was incorrect, and I am sorry for my error.
whartonmba99 • Jun 4, 2014 12:08 PM Flag
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stay in the game, booyaaaaaaah skidaddy.
13 dollars coming soon.
You actually predicted $13. On that day RF traded between $10.36 and 10.56. Now, it aint even trading there.
Gillie, I agree, but sometimes I read whartmbs' post when I offline and shake my hed just thinkng, have y ever heard of a talking horse? Well I am mr ed
Dang, saw this when I wasn't signed in and didn't realize how long it would take to unblock and respond. Anyhow, whartmbs, since I sold some around $11.50, and you were screaming buy $12 plus here we come, you have actually only gone from down 13.92% ($9.95) 50 down 11.22% ($10.21), while I took some proceeds bought some VZ (they gave me a raise the other day), alas, my yield is better and figure best we can hope for is $11.00, still leaving yer screaming buy buy buy down $0.50. OK so, now you are back on ignore. Well, as soon as I give ya a thumbs down.
Well, nothing is impossible with RF if the past is any indication, but I don't see a drop to under $9.00, but short away old mule, short. whartmbs said $12 (not sure if he has changed his guess to date), so between the 2 of you maybe $10.50. Me, think $11.25 - $11.50 still doable, but right now anything near $11.00 will make me happy.
Damn, hope it works OK, but, decided I was gonna try ARR, yield outrageous, 14% plus, sustainable, seems better that 50/50. Unless something happens bad, plan is 3 equal investmentsm August, October and December. Going to reinvest dividneds, and see what happens. Pay monthly, so let the stock god be with me, and, no I don't mean you wartmbs,
Tend to agree Chick, that's why I bought up the fact RF hit the 2% yield mark. Growth is in the future, but not until Feds start to raise rates, so until then, best buy something that pays you a little better while you're waiting. Got to say, am starting to doubt my year end target number.