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Bullboard - Stock Discussion Forum MCS Steel Non-Voting DR MSTUF

M.C.S. Steel Public Company Limited is a Thailand-based steel fabricating company. The principal activities of the Company and its subsidiaries are production and distribution of structural steel products for building construction, and residential development projects for sale. It is a large steel structure manufacturer, especially steel beams and columns for the construction of large high-rise... see more

GREY:MSTUF - Post Discussion

MCS Steel Non-Voting DR > This Puppy is going nowhere
View:
Post by uchuck on Dec 16, 2016 11:02am

This Puppy is going nowhere

Am gradually reducing my holdings on this...past 3 months, it's down 5.5%, but BMO's Cdn.-hedged "ZDJ" is up 9.7% over 3 months, no doubt due to the Trump "euphoria" of late. MST.UN pays a lousy divvy of 1%. Wowee.
I made a mistake by plowing over 5% of my holdings awhile back into MST. Don't do what I did. When overall TSX is up significantly, something like this mistake of mine tcan pull you down.
BTW, Janet Yellen wants to "keep her job." How so? She raised the Fed. interest rate 2 days ago.Trump wanted this to be done one month ago. The News Media slept through this whole event.
Comment by maypeters on Dec 16, 2016 11:08am
lol .. . if your investment horizon is based on 3 months of data you did make a mistake.  and MST.UN pays around 4.5% divvy or so if you factor in the USD to CAD conversion.  NOT 1% dividend as you claim.  So not sure where this puppy goes - but you seem to be sure where you are going $ This company along with Pure Family REIT will be excellent holdings for the long term for ...more  
Comment by TimeBuilder on Jan 21, 2017 11:23am
Upchuck..... It is amazing what can happen in just 30 Days !!!!!!!!
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