RE:RE:RE:2 steps forward and 1 back with this stockBlueJay2020 wrote: No, I wasn't and I won't be selling. In fact I may add more if we hit $2.60. The dip may be temporary as you seem to be implying, but it is indicative of the range-bound trading of the stock. When will it hit $3 again?
It is hard to get ahead when you are raising equity at a 5-6 per cent discount, and a 2 per cent divi increase is not much comfort.
This.
It always does creep back up and if it did hit $2.60 it would indeed be an ok buy. But only if you can dump said shares before they pull this again. And they will. They always do. They have no choice. It's never good when you come to the realization that management is ok with a sucky stock price. And they must be. Every move they've made in the past 10 years has solidified the sucky share price we have today and made it even less likely to ever see any real upside And the next move? Another barely accretive royaly transaction funded by a sucky share price, solidifying said sucky share price even moreso. I remember when some of us were naive enough to believe this stock could see $5 a share. Now I have a difficult time seening a scenario where this breaks $3.25. And if it ever did rest assured management will knock it right back down with whatever transaction fits the bill. Again, they have no choice. That's the model.
And I don't mean to totally rag on management, they've navgated some rough waters very well, but I'm awestruck at their willingness to be ok with mediocrity. They boxed themselves in years ago and seemingly weren't motivated enough or shrewd to pivot when they had the chance. Or just in denial that the model doesn't work. What's that definition of insanity again ? ;-)