RE: RE: nothing importantyou are very pessimistic with the stock. I would say overly so. Yes, currently it is paying out more than it can cover but management sees this as being a state of time, and feel they can turn things around starting with next quarter.
Comparing this "income trust" to a company that pays a dividend and has a growing philosophy is not accurate. They dont really want to grow this company, they just want to run it efficiently and pay out the excess. To a point of 90%.
Ive come on here to voice my opinions during downtimes even though ive taken your flak and said i was given your due because of the pessimism by the market.
My point is Superior Plus is a huge profitable company that makes huge margins and is a name that is very recognizable. It doesnt bother me if they have a couple down quarters, because the only time the price will bother me is when i sell which will be in about 10 years.
Your investment style is complete opposite of mine, I look at the 10 year timeline picture. You look at the quarterly picture. Your the one who thinks Superior is a burning house and will be bankrupt in a year, i think superior will continue to pay a dividend for many many years. Truth will probably be in the middle, who knows.
Plus there is always the ignore button.