If you are in at 5.45, I would stay the course till hell freezes over also. I don't think it will go much below 5.00. A bad thing to worry about is if it goes below 5, institutions and funds will not be able to hold it.
Everybody flocked into the carnival show tent to see the Tigress. After seeing the female cat, they headed to the door labeled "Egress" to marvel at that strange cat they had never heard of. Surprised they were to find themselves out again in the bright sunlight. It cost another quarter to get back in. And my point is?? If you gotta ask, get out of the stock market.
Those who try to catch a falling knife get their hands cut. I got out of this one at $12 when they sold their stuff in Florida at a miserable price. I'm not joining the lawsuits because I knew the rosy picture coming out of the mouth of the CEO was barnyard compost and scampered away.
What he means to say is that at $4 a share the stock will be at 10% dividend rate. There are plenty of other stocks our there with a 10% rate that are really better buys than this stock. I agree completely. This stock in my opinion is going below $5 a share. He fully realizes that the dividend is 3 cents a month, not for the whole year.
NLY, WIN, FTR and others pay in the 10% dividend range. I predict that this stock will also pay in that range. This means it still has a way to go down with a .40 cent a year dividend. It could well go below 5.00 a share. I wouldn't bottom fish until that time.
It really isn't. Could go to nothing (the dividend). Try a sound dividend paying stock in the 4 to 5% range. This is not a sound stock, as we all know now, and there were plenty of indicators before it happened.
Are you still in those naked puts you advised? We all make mistakes but that was a lulu. I never was a retail broker at Dean Witter but I was an income tax preparer and the only people's taxes I prepared who lost big in the stock market were those who played around with puts and calls. Let alone selling naked calls and puts.
Yes. Might be a buy now for the intestinal fortitude people. The dividend rate is now 8%. I like sleeping like a baby at night, though.
15 to close to 6 in 5 months. I don't remember a drop like that. It must have been when it was on the Toronto exchange and the pink sheets in USA.
I used the wrong term when I said "insurance". I was thinking of margin account. This baby tanks more and you will have what I believe is called a margin call and you will have to put more money in your margin account. The yearly dividend, according to my figuring, will be about .40. With all the negativity surrounding this stock, I would suspect about a 10% dividend rate. Thus, I think the stock could go well below $5 a share and somebody out there will be "putting it" to ya.
For years, this dude (Roger Conrad) has had this stock in his Income Portfolio buy list and never has it been on his Dividend Watch list. For years, he has had Otter Tail Power on his sell list and in his Dividend Watch list. Otter Tail is rising with a recently given a buy by another analyst and has not lowered its dividend. Thank the Lord, I sold AT a couple of weeks ago and bought Otter Tail. I no longer read Utility Forecaster which sits on my broker's coffee table in the lounge.
I own the stock in my Roth IRA and so you can call the "distribution" anything you want. It will not be taxable at all for me. I am a forward looking guy. The "distribution" for 2013 will be .42 + .12 + .12 + .12. With today's close of over 19 that still figures out to be over 4%. You can look at it as a trader's stock; I look it as a dividend stock.