OTCPK:JENGQ - Post by User
Comment by
TO_Canuckon Jul 30, 2012 11:29am
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Post# 20165064
RE: TRE: RE: 11% down??
RE: TRE: RE: 11% down?? My reasoning was much like yours a very high yeild is hard to ignore especially since it's a utiltiy play This market however is looking for gloom and doom so when any stock dividend pays out double digits like JE the doubters come out of the woodwork looking for reasons to challenge the high dividend . I think the spring back performance of this stock last week speaks volumes about its ability to maintain thier dividend and as you certainly know dividend stocks are the sweet spot in the market right now and many analysts are are saying this will not change for a good long while .BTW I bought this stock couple of months ago after hearing Veronica Hirschs strong opinion on BNN about its ability to hold the dividend . So far so good .
Cheers
TO_Canuck