RE:RE:RE:RE:couple comments on spinoffIf your goal is current dividend income, then of course SOBO gives you more. You don;t need to do all those weird calcs to see that. All you have to do is look at current yield. As of todays' close, SOBO has an 8.99% yield and TRP has 5.39%.
I think there are more important factors like TRP is likely to increase its divy faster and can SOBO even maintain its payout. Also, if you are a total return investor, I think TRP's' share price is going to way outperform SOBO's in the medium to long term.
Up to you but I have way more confidence in TRP..
Ciao
Sarge
Ariahp wrote: Hey Sarge
I calculated the dividend on 21,740 TRP Shares at 3.84 & 4,384 at 2.75. I get a dividend of $85,537
Under the old 3.84 I would get 83,481.
lets look at selling 4,384 say at $30, I get 131,520
Lets say I buy TRP at 60.25, I get 2,182 shares
I add , 2,182 to 21,740 = 23,922
23,922 @ 3.30 = 78,945
I loose by selling SOBO and Buying TRP
Hope my Logic is correct....would love it someone can find an error in my thinking.
GLTA