RE:RE:RE:RE:RE:RE:RE:Target RaisedI owned DE before any of this stuff happened, the dividend was higher then and the price couldnt hold 3.80 in fact it continued to weaken while I owned it. The cashflow was ok but it was indeed frustrating. Then covid happened and I bailed in around the 3.20 range seeing no light, I then bought DIV instead because they were still paying a dividend and DE was not, furthermore I ended up getting better than 2 DIV shares per 1 DE share and collected dividends throughout, imo DE might have 30 cents on the bone if its lucky and the royalty stream is far better here than seasonal woodstoves and agricultural sprayers etc. If you wanted to own DE that opportunity is gone, a buy under $2 was the ticket there which I did strictly to trade and sold it as planned. If you buy it now it could be a risky proposition especially if more pain arises with this virus and I'm very doubtful its behind us with our pathetic government and the incompetent, unorthodox, nonsensically way they are dealing with it. Basically forcing vaccines before returning to normal when a good portion of Canadians are exercising their rights of choice to say no. Just my 2 cents on DE. Cheers
babedinkleman wrote: We'll just have to agree to disagree.....you are clearly more of a numbers guy than me. I don't disagree with your new take on Air Miles....but that inflation based disappointment was laughable. They will indeed lose market share over time. And as I said with the price DIV paid, while not ideal, is more than fine. I'm just not sure how you make any real money in an efficient market when you need everything to be so spelled out black and white. There are always be some unknowns....or known unknowns.....or unknown unknowns.
Here's a question for you. I saw you posted on the Decisive Dividend board about possibly taking a position after doing some analysis (I saw this post a week ago, no worries about me stalking you). Me as an uneducated schmuck looks at that stock and within 30 seconds see a stock that has never even come close to covering it's dividend with net income. As they have always been paying out far more dividends than they make in profits how does this stock interest you? I know some think paying dividends out of cash flow and in the end borrowing money from Peter to pay Paul is ok but you don't strike me as that type. Serious question and I am interested in your take or reasoning given your opinion on DIV (which I'm assuming you sold a good portion of your position in this price range)