RE:Refreshing honesty We bought in the low 2's originally, so while we didn't load up at 1.50 last year (already overweight) we could sell today with 5-6 years of dividends and a small capital gain and not be entirely unhappy, But I had higher hopes for DIV. I don't see us fully divesting, but reducing our weight is on the table right now. Finding the 'right' things to swap into for continued income is not easy in the current market -- lots of overvaluing going on, and the candidates we like most we're already in and we're not eager to simply shift our overweightiness (let's pretend that's a word) somewhere else.
Re: the coronavirus, I'm not placing any bets until we've seen what happens after the next re-openings. Too many critical unknowns right now. But I'm hopeful. The new-case rate has dropped more than 90% in my region since the 3rd wave peak, but was it due to the shutdown, the vaccines, or both?
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taman1 wrote: and great discussion going here.
It really boils down to when you bought DIV. Those that bought before the bought deal at $3.20 are quite disappointed and that's understandable. Those that bought after the bought deal and after initial Covid 19 are all very happy. That's understandable.
Whatever the case DIV is a great company at this price. There is a great yield. Most of their investments are doing as well as they can given the Covid-19 situation. Eventually Covid-19 will be over like all pandemics. The vaccines are working despite the deadly variants. There will be an inevitable burst in spending and hopefully Mike will get some of that. Air miles will be fine. Amex also have an AM card. I love AM. Sobey and Metro are my favorite grocery stores. Just shopping here I get over 500 airmiles a month waiting to be used when the travel boom resumes.
Now there is a target of $4.00 by an investment house. That's not a negative.
When this covid-19 is over $3.20 is the base px and the reason is obvious. Unless you are of the opinion covid-19 will continue indefinitely ......
GLTA