Your probably right. The main question is when and how low will we go before we close the gap. Not a big fan of riding a stock down and then back up agin. Right now the market is over bought. Looking for a correction. Best to wait until the market corrects a little.
Don't know where you got the WIN lost. I had a cost of my WIN purchase at $9. I sold last year at $10. Had a slight gain in the stock but the experience was bad. They have a problem as to how to classify their dividend. Last year I had to file an amended tax return due to those clowns. This year I am not able to file my taxes yet due to waiting on them to classify how they report their dividend. I will not invest in them again because of the problems they have cause me. No stock for me is a buy and hold forever. I had a cost on T of $33.78 earlier in the year. I had collected the dividend for the first quarter and wrote a number of calls on the stock before it was called. Currently waiting for it to get to a lower level to buy back in. At some point CTL will be a good buy but the pain is not over yet.
You have to be a moron to invest in WIN. They have resorted to financial engineering to try and keep the stock price up. Everything they have done lately is an attempt to keep it's stock price up. Not working. The stock price keeps going lower. If you have money you want to throw away invest in WIN.
CTL is not the only company paying a dividend. Right now T is a better option. Many have held on to get the dividend and now that it will be trading ex dividend we will see how it performs. Missing the earnings was not a good thing and think this stock has further to go on the downside. Waiting for the market to correct and then probably try T. There is no reason right now to own CTL.
If you think for some reason this company is going to start making money then buy. Financial engineering can only go so far. They have tried everything they can to keep the stock up but it is not working. The stock is too risky and on top of that you have to wait to file your income tax. They haven't figured out how to classify their dividend yet. This company hasn't a clue as to how to make money. The only reason to buy a stock is if they can make money. WIN fails in that department.
There is no reason to own this stock. Even if you believe the cry babies who blame the short sellers that is not going to change anything. This company can't continue to pay a dividend if it keeps losing money, that is a fact. You look at the history of this company and everything says sell and move on. They have changed management, a reverse stock split, financial engineering making it a REIT. Everything they have done to prop the stock up and it keeps going down. That should be a clue to anyone who doesn't like loosing money. I am still waiting to file my taxes because of WIN. I sold WIN earlier in the year and have to wait until they classify the dividend in order to file my taxes. Last year after I file; WIN reclassified their dividend and I had to file an extend tax return. This company is not capable of doing anything right. I would not buy it again at any price. Not worth the problems generated. Buy a company that is making money.
You people do not seem to get the picture. It is not about the hedge funds. It is about a company that is not making money. You have to make money for the stock to go up. When they declared their earnings the stock went down. Not because of the hedge funds. BECAUSE THEY LOST MONEY. That is the way the game is played. Companies that make money will go up and companies that loose money go down. Until you get that straight you will continue to loose your money.
Nice beat on earnings. I am amazed at how this stock started a pretty good run ahead of these numbers. Like someone knew what the earnings would be before the announcement.
Sounds like a fairy tale. You can only do so much with financial engineering. You have to make money to have a successful company. This company is a disaster. They can turn it into a REIT and do reverse splits but in the end it has to make money. Sell this piece of #$%$ and move on.
How long you been predicting the dividend cut???????????? You have been wrong for a long time.
I been investing for over 30 years. This is the first time this has happened. That is a reason I will never own WIN again. It is not worth the hazel for me. There are better places to invest.
Don't you understand. I got my final statement from the brokerage company last year. They came back latter and amended the statement. When they amended their statement I had to do an amendment to my tax return. You may like a waiting until April the 15th to file but I like filing as early as possible. You can't do this with WIN. You have to wait until they figure out how they are going to treat the taxable dividend. Not only is it a bad investment it messes up your tax filing. Most of the brokerage firms are required to issue their tax statement by Feb 15. This is not the case if you have WIN in your portfolio.
Don't know why anyone wants to fool around with this POS. I am still paying for my stupidity. I sold the stock last year at $10 which was a profit. Now I have to wait to file my taxes because they are afraid the company has not figured out how to classify the dividend. Last year I had to file an amended tax return because of these idiots. Why would anyone invest in a company who has a reverse stock split to get the stock price up. Has to change the way it figures it's taxes. Has bad earnings year after year. Get out while you can. This is a loser.
Once market feels the Fed is ready to raise interest rates the high yield stocks will drop. That is what has happened in the past. When the market fells interest rates are going up it will take down the high yielders.