RE:RE:Nice to breach the $30 markOh darn, I guess I was wrong about KEY breaking out of the price range it's been stuck in for a few years. Looks like back into that $26-29 range with a $28.50 or lower price tomorrow with this latest sizeable $200M bought deal.
Hopefully once KAPS is onstream, they can break out . Also not sure what this means to waht I figured might be a divy increase in mid-2023.
These dividend payers sure do like issuing new shares.
Ciao
Sarge
SargeX wrote: My wife & I are long term holders and have never planned on selling as we are retired dividend income/growth investors. At the start of the year, a total return investor asked me if it was a good time to buy KEY as a long term hold. I said that for total return, it was actually better to just short term trade it as it had a fairly consistet pattern of grinding up to $32-33 and then falling back to $26-29. The pattern held for all of 2022 but I am now ready to say that KEY is going to break that pattern and head up over $35 before the end of 2023.
The main catalyst is the completion of KAPS next quarter.
I also think they will raise the divy around mid-2023.
All in all, KEY is looking very good!!
Ciao
Sarge
barneyj44 wrote: With a 6% dividend Key is a keeper.