RE:RE:RE:RE:RE:After waiting for over a yearthis scenario hits close to home for me and possibly many other retiree snowbird pey shareholders. lots of us from the great white north. Yasch, as always frames the problem well & presents a thoughtful analysis. (are you an engineer by chance - your approach sometimes reminds me of my profs from 40 yr ago?). it would be great if more on this board (modest or not) share their thoughts about this.
for myself, i see pey as a good company but with an extremely volatile SP and completely unreliable divy. often when a ceo publicly defends a position or makes assurances (divy) an about face happens. the SP seems just as capable of hitting $2 again as it does reaching $20. the outsized divy party could end anytime. from that perspective i choose to treat the divy like free money (after tax) and enjoy every cent now! as to the share value Yasch makes perfect sense to me - taking money off the table for now seems very risky given the divy that would be lost. of course the risk is total loss of investment but since pey the company seems solid - an unlikely risk. and since to me worst case is loss of the price of a luxury car - not life changing if lost.
am really grateful to this board - this thread has helped me choose a path forward.