RE:RE:RE:If it was so clearI agree. I remember they when first announced a divy I was able to buy shares for .27 for an 11% yield because of skeptics. As you see, the share price doubled when the divy became a reality.
retiredcf wrote: Let's reverse the argument (ie. you buy when there's "blood in the streets"). In this case, the current fear and loathing of the market could be causing investors to miss out on a terrific opportunity. Yes the whole deal could fall apart but I suspect that management have got their ducks in a row before making such an announcement. Thus it could just as easily succeed and present a very tantilizing return. And all this talk that we only buy stocks on the VSX for growth and not income is ridiculous. In these markets, I'll take income whereever I can get it. Examples on this Exchange include Park Lawn Corp. Grenville Royalty, Prism Medical, etc. And some seem to have forgotten that PTG was paying a dividend before this news so if you felt that way, why were you even here in the first place.
IMHO, the risk/reward ratio looks very good so I took advantage of the cheap SP to add to my holdings. GLTA