RE:RE:There will be no increase in share price unless...Flamingo: Your point about getting paid to wait is 100% spot on! Dogs like CGX and VET that were forced to eliminate their dividend were cut as soon as I felt their market price had recovered a bit from the March lows. That is why DR was not cut, but is instead in the waiting list of potential tax loss selling candidates. Cheers!
flamingogold wrote: Understand the frustration, I have held through the storm and picked up some cheapies along the way. There is some light ahead as we recently broke long term resistance and today we are up again. IMO, the expectation is that a divy increase is on the horizon. At least we get paid something to wait which is not always the case for some of our portfolio dogs.
CanSiamCyp wrote: This dog will not increase it's share price unless they begin to increase the dividend payable. Who in their right mind would buy in now with such a low yield - given the dismal track record of management. FYI: I have owned this dog for several years, having endured the decimation of the dividend and the share price. It is now first on my list of liquidation candidates whenever offsetting capital losses are required. Of course, I still hold out hope that management will learn from previous mistakes AND increase the dividend to a more attractive level.