RE: What's wrong with this stock? Happy New Year, Folks!
If it makes you feel any better, most of you probably have a better cost average than me on this stock. My cost average is $42.47, so I am definitely feeling the pain of CPG being in the doldrums for the past month or so. That being said, I do take some solice from the fact that there does not seem to be any indications that they will lower their dividend anytime soon, so I am still enjoying the DRIPs that come in every month, to help bring my average cost down.
I know there is a range of viewpoints on the management of CPG but I tend to take an optimistic view of Saxberg and his management abilities. Plus, based on historical trends, I suspect that we will see a share price increase in the next month or so until around summertime. That being said, this stock does seem to be somewhat rangebound at this point, so the long term prospects for good growth are probably not in the cards.