Post by
emba33 on Sep 15, 2015 12:04am
What will save the stock price ...?
Hi Folks:
This company is in a stable "recession proof" industry, with a very generous dividend and growth prospects through a combination of acquisitions, organic growth and technology (SAFE STOP). They have a long track record of expanding the dividend.
We get the latest earnings, slightly exceed estimates and no negative surprises ... the stock falls on the news.
Regardless of all these great things, this stock price continues to slide. It is down around 30% on the year.
There are many posters in this forum who see this as a buying opportunity. If the results can not slow the slide ... what is it going to take to at least stabilize ...? It's difficult to feel like we hit a bottom today as we slide 2.5% on good news!
Emba33
Comment by
PaulKing on Sep 15, 2015 12:30am
Well, I agree with your comments, but feel that I should note that their has not been an increase in the dividend. In fact they have never expanded the dividend - ever.
Comment by
goldsternp on Sep 16, 2015 4:45pm
He really likes what he is doing. He has developed the company from nothing with lots of hard work so he can't have a very high opinion of the share traders who try to bring the company back down by just typing on a few keys.