GREY:CRIUF - Post by User
Comment by
deisman03on Nov 15, 2018 1:12pm
132 Views
Post# 28981069
RE:RE:RE:RE:RE:RE:Listened to the Conference call..
RE:RE:RE:RE:RE:RE:Listened to the Conference call.. Drip is fine if you're not looking for immediate income. I now have close to 70K units and I just take the cash every month and spend it. Of course, I try to keep some reserves for instances like this.
I'm under water again on my overall costs of purchase but I've been collecting steady distribution since the mid $4 range on most of my units.
The price goes up and it goes down. I was going to sell at $7 but didn't see many weak knees and the shorts were small. I didn't expect such a violent reaction to a quarterly report that was IMHO pretty good considering its content.
There have been a lot of internal changes in management. I don't believe the present management is basing decisions on political interests as can be seen with the demise of their Solar business.
DRIP is a great way to pick up discounted units for those with a long term plan and it gives the owner the advantage of compounding their investment monthly.
There was a time when this sort of trust company was in vogue when I applied for every DRIP that was available. It was a good decision.
Now, with the volatility playing the swings, when they become more predictable, is more profitable, if you have the time to watch closely.
GLTA the good folks here.