I did not make it back on those stocks. They both are no longer listed.
The both were about 25% of my portfolio. I was way too heavy into those. I found some pretty good bargains at the bottom of the market in 2008. One stock was OHI preferred.
It was trading at $15 and was callable at $25 plus paying a dividend. I backed up the truck.
I collected about 15% in dividends until they called it awhile later and paid me $25 a share.
So now, I don't fall in love with any stock and I keep the percentage down.
I sold last week. Years ago I had a lot of money tied up in two stocks, CHC and MMA.
They paid nice dividends but MMA had to re-state years of accounting. It sucked them dry.
I don't even remember exactly what happened to CHC but I sat and watched about $100,000
dry up and evaporate believing the issues will get corrected soon.
Today, I assume the accounting takes place with computers. I do my taxes with computers.
I think it should not take that long to re-calculate the quarters and get it filed.
My fear was that there is something else going on that we don't know about yet.
I made back my $100k but I would have been better off to sell and take my lumps when my losses
were at 25%. If you are holding, good luck to you!
Bought what was supposed to be an ACDelco part listed on Ebay complete with ACDelco logo in the picture.
Received an after market part made by Standard Motor Products. Now I have to pay to ship it back.
Now I have to take time to run to the post office. I can't seem to open up a case in the resolution center anymore. I guess they were too busy.
So now Ebay is very friendly to the fraudsters.
The business model is broken.