Post by
NobleHouse on May 08, 2024 4:20pm
Maxmoe
I am glad you mentioned VET , it l believe supports my point.When COVID hit and negative oil l sold my VET at $5.28 and bought WCP at $1.38.WCpCut their dividend by 50%, but guess what l got about 4 for 1now let's look at the respective share price of both , WCP with a dividend that's been growing but not where it was and VET with a virtually non existent one , both of these companies are midcap in a global sense but a bigger presence in Canada. Wcp has shown responsible growth both in aquisitions and dividend , not VET so much.And by the way , l liked and respectedTony Marino and the BOD of cowards threw him to the wolves to protect their useless Backsides. It's one reason l don't trust Senior mgmt to protect my interests , just theirs, and divs received can never be taken away. . That money was used by some to live on, in my case to reinvest in companies , div paying of course to produce more of the same.Paper profit paper loss , but money received is king , not fictional down the road mgmt buybacks.