RE:RE:RE:Still haven't made a decision yet.Aha! I dont really care what your reasons are, if you are looking to enter than enter if you have no position dont bash the company it's that simple.
hawk35 wrote: Grow up shirtless. Don't have time for silly "aha" games. If you follow this board you know I disclosed I had not take a position back on May 12.
I'm holding off for more reasons than Mr. Lube. Here are three of my reasons for holding off:
1. DIV is a small cap company with only a few analyst;s covering it. Not sure how much share price increase we will see with today's market conditions.
2. Payout ratio is 93% which is improved from last year. But interest rates are going up and will increase another 1/2 of 1 % next Wednesday. Large retailers like Walmart and Target are warning of lower sales for next quarter. House prices are falling and sales of housing is also falling. Analysts are warning the chance of recession is much greater now. DIV payout ratio of 93% might not be good enough if the economy goes into recession.
3. Russia will default in the next few months. How will this affect the economy? No one knows what Putin will do next. He is cornered now with no good way out. If he cuts off oil and gas to Europe, a recession is all but guaranteed and inflation will hit new highs. Is DIV the stock to hold through this?
I may end us buying 1/2 position here and see what happens. Still not convinced.