RE:dividendsI think the current aerospace environment will drag on this entire sector for awhile yet. The Q4 results for nearly all the manufacturers will likely be the worst for the year, Magellan included.
I do believe there is significant upside for Magellan but it will take a few quarter to realize it.
So I expect the price to drop a little and stay there for a few months. The summer is usually not a great time stock increases.
I believe the 2 to 3 year horizon should be very strong. Magellan will come out this downturn much stronger then most. I am looking it surpassing its previous highs. My target is $25.
I sold a few years back about the $19-$20 range. I am buying back in and hope to do the same.