RE: RE: RE: RE: nothing importanttwo thirds of its value lost in 5 years--- but no loss in value in 4.5 years.
i think SPB is a very different company since the $21 days. I'm pretty sure you bought in at that time so i might be bitter as well.
But in the last 4.5 years, the stock has been riding up to $15 and down to $10 pretty regularily. This is a $12 stock.
I will be buying after the next ex-dividend date before their next earnings. Because i know their next earnings will be very upbeat and it will continue to the next quarter after that.
will i think it will get up to the $15 in the next year? no, but i do think they will continue to give out this juicy dividend.
The thing you have to realize is the energy sector is not doing that well at all esp nat gas and propane. In the two years, it hasnt had much gains at all. All of the gains have been mining and financials.
A huge chunk of my portfolio is nat.gas Encana. They keep cutting there capital projects and forecast but think i would sell any, not a chance. its that too big to fail scenerio, i also think SPB is in that critieria.
I am not risking my capital, im just waiting for the energy sector to awaken again.
I can almost guarantee by the time SPB turns this around to your liking, it will be back up at the $13-14 mark and ready for another downturn. This is proven by your comrade gwplant buying at $13.55. I am a huge fan of SPB but i would never bought at that mark.