GREY:CRIUF - Post by User
Post by
NuBeeInvestoron Jun 25, 2018 11:08pm
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Post# 28227788
Hard to resist 11.5% dividend, looking for guidance
Hard to resist 11.5% dividend, looking for guidance
Hi everyone, I used to have a small holding back in 2015 when the price was around $5, had a couple thousand shares. Sold them a while ago in the $9s but have been keeping an eye on the stock recently with the price drop. I'm currently heavily invested in HUGE:CNX and got in pre-IPO but also borrowed to invest. Looking to cover my interest payments and thought it might be a good idea to get back in to Crius given the high dividend rate and the fact that I can claim the interest on additional money I borrow to invest in Crius. Fully aware of the risk of borrowing to invest but wondering what your guys thoughts were on whether the dividend will continue into 2019. Not too worried about the price dropping (within reason) as I'm basically just counting on the dividends to offset my interest payments. If it matters my interest payments are about $500 a month but I'm sitting on profits of $150k in FSD Pharma and don't feel like it's nearly the time to get out of it. Sitting on the fence and wondering if I should get in before the ex-dividend date.