RE: A possible tank leak NO LEAK
- Market Down
- Poor jobs report out of U.S. on Friday
- Slightly higher than expected inflation in China
- All Oil Sevice Sector down last few weeks and again today
Poiseiden's status remains the same.
- A high growth company (only 5% of market and growing) (building 6 new tanks a week)
- A very high (almost 9%) sustainable yield (Divident payout very conservative according to company)
I admit this downturn has been very painful and I wish I would of had my trading hat on and got out when it was $16, but now that it is almost at $12, what to do. I don't know where the final bottom is but logic suggests that there is much more upside from here that downside. In the meanwhile that dividend is getting more lucrative for investors by the day. The only thing that would change my view is if I thought the Div paymaent would have to be cut and based on their numerous long term contracts and revenue flow I do not think this is happening. So I wait, and for a change become a long term investor in a good growing company, and collect my dividend.
Cheers