Thanks Rickey and Panera - I am glad both of you are still around here - I have also been here as Vickersviscount since about 2002, and have never sold a share. I hope they can avoid higher accounting costs by staying "small."
seems the cat got out of the bag a bit early today, considering we were down 4% on no news - guess a leak someplace??
I have held HTR for around 10 years, and often when cash builds up in my Fidelity cash account (now at .01%) I buy another few hundred shares of HTR, because the price was low, and the dividend has essentially paid off my original shares over 10 years. But with a higher price, there is a psychological barrier to buying an additional 100 shares. Perhaps management felt $6 was an insult for a fund like this, so I could see double to $12, but somehow a 4 x reverse split seems overkill. . .thoughts?
because this is a distribution, it is treated like a dividend for tax purposes? It really isn't a company spin-off like some other companies do when companies split into two or three like ATT did years ago.
It looks like CMLP will have a few soft quarters until they merge Devon and the price of gas goes up a bit. The US is becoming an export country, so more pipes need to be built to take gas to Japan, etc.
I am holding CMLP and slowly adding to my position, as in a year or so, this should soar like SXL and even APL. The nice thing about being an individual investor is that I don't have anyone to report to, like a fund does. I always have 5 - 10 year horizons, and CMLP fills the bill here.
Like clockwork - every year another secondary offering - just when the price was holding around 22 - oh well - I keep this one for the dividend, and sure but steady growth.
Dear old Fart investor - I am also an old fart investor age 64,and had a 45K capital gain in PGN - if I had sold it, I would pay the 15% tax or around $7000. I don't really care if DUK goes down another 15% or even 20%, because I still collect 4.6% for the next two year (you mentioned it could go down for the next two years). I plan to hold till death - likely 84 (according to insurance life expectancy at 64), so I collect 4.6% for the next 20 years (and likely higher each year) and in 20 years the SPCA will get a nice piece of change when my wife and I die.
I for one, think it is a bad decision for Verizon to spit the small Alaska market three or more ways - perhaps one of their bean counters finally figured it out. I would not be surprised to see some new "roaming" announcement this year with Alaska.
I have never received a check for dividends, I always have them deposited directly into my Fidelity account - then I am free to withdraw or buy other stock with the money.
Likely since the TSX is closed today,the guys on Wall Street are taking advantage and walking the price down. I am 63, have been in the market since I was in business school in the 1970' - in NYC, and KNOW first hand the tactics that are done - I used to tell my clients, "Wall Street is a bunch of crooks" and they just laughed, that was back in the 1980's - now they know it is true.
Pembina is a great company - just a little burp on a slow day.
so far today - likely a large holder needed or wanted out - this could present a buying opportunity. If we were down on one million shares, I would be concerned.
There are certainly a lot of companies out shopping for Canadian gas these days. . .either a buyout, or merger is likely within a year in my opinion.