RE:RE:Are we going around again?Yeah, it does seem surprising on one hand that there has been so little traction with the good news. On the other hand, look at the general market. Lots of investment capital rotating today around the world, and with many big names dropping, a certain segment will be moving from small cap to large cap -- the flight to quality, as it were. I expect this stock to rebound nicely when the general market does, but for now it feels a bit like a play that is leveraged to overall market sentiment.
Mitigating this volatility though is the ~6% to 8+% dividend. If you believe in that and then you also factor in the announced projected increases to our bottom line with the new acquisition (even if we discount these projections by 50% for the hubris factor) this remains overall a strong buy, imo.
My take is that the volatility was and is to be expected after all the manipulation we saw in the last few weeks. This stock is going to take a while to calm down after all of that, and that's without the general market malaise (if not outright implosions) that continues. So for me, I welcome more price weakness as a buying opportunity.