RE:RE:A word about management and a question for the boardI will chime in and say that I augment my income with the dividends from this stock and various others that probably pay better divs but haven't had the gains that this one has. Its a mix.
I also swing the odd stock for a trade but not this one although I can see how you could. Volatility provides opportunity although I agree it is hard to see the momentum swings.
I do prefer O&G commodity stocks for swings (especially high yielding ones just in case I get stuck) becuase they are volatile and I know them best. I do not do it a lot.
I look forward to the days I can do what you do and just let the divs take care of it all but I am not there yet.
I think ARX is eventually going to get to be one of those big div yielder when its value starts to shake out more as more FCF is realized and shares are cancelled. My only worry with this stock is that the share price may outpace the div at some point and how I might divest some or all of it without incurring the wrath of the tax man but that will be a good problem when and if it happens.
I always mean it, it is an easy hold.
GLTY and all ARX BULLS
Trapped wrote: Forgot to mention... There's nothing at all wrong with being a trader. I just wouldn't be a trader of natural gas stocks, where prices often defy logic day-to-day and can get whip-sawed around by unpredictable variables such as weather forecasts.
Companies like ARX make better long-term holds IMHO. Cheers, folks.
Trapped wrote: In my opinion, many posters are being overly critical of a management team that has garnered a lot of respect from across the industry during challenging times. I believe this type of criticism is largely misguided.
Management's job isn't to maximize shareholder value. Their job is to operate the business efficiently and consistently in accordance with their strategic objectives - Full stop.
That, in turn, could reasonably be expected to lead to higher share valuations over time, but only for those who are realistic, disciplined and patient.
Serious question: Am I the only one here living solely off of dividends from a broad basket of blue-chip equities? For me, the inevitable and eventual payday is more of a bonus than a necessity. It feels like there are more traders than investors on this board IMHO.
Cheers and GLTA ARX Bulls.