RE: $5.00 getting closerSo here we are today with Telus continuing moving up into fresh multi-year highs defying all the doom and gloomers.
At the current 45.80 this means that Telus is now up almost 60% from the not that distant 29 buck lows.
And those who bought in then would be enjoying not only this 60% paper gain but also a very nice dividend yield of almost 7%.
And for those so inclined to want to play some of the penny ponnies out there then these Telus shares would provide a very nice base of margin buying power to do so without incurring any additional cash outlays.
All in all a very nice package indeed.
Oh, and just imagine how some brave bottom fishers are doing with the Telus shares they scooped up back in July, 2002 in the sub 7 buck range - especially with regard to their current dividend yield based upon their 7 buck cost base and the annual dividend increases Telus has made since then.
Their dividends have already totally paid for their 7 buck shares some time ago now!
Simply amazing but a bit boring at the same time compared to the allure of the quick buck penny ponnies.