Post by
Johnwith30years on Apr 27, 2021 9:26am
what is too high for ALA how does it compare
Someone just said on to 30 for ALA
Good to know when the price is above reasonable levels if this gets on a train upward over the next few months:
1. I do not think there are too many retail investors that have hung on all the way down and are just waiitng to dump their stock now at certain prices a little above where we are now. I think most retail investors dumped during the blackest period for ALA. Now I thin a short squeeze is more likely.
However I do not think the stock rises much above a 4% return or if it did I would lighten up unless I coul dsee rapid growth going forward. So assume next year the dividend rises to =$1.04 that means if you bought at $26.00 a $1.04 dividend would give you a 4% return ,
That should be the short term ceiling unless there is a really nice prospect for growth, The sale of their MVP pipeliones for good prices would decrease debt further but at a price of 26 investors would want more rapid growth, the split of the company at high prices with ALA maintaing ownership of stock in both companies or a sustainable dividen higher than $1.04 Note that a dividend of $1.08 would yiled a 4% return if you paid $27,00 for the stock. So those are my short term upside limits on the stock even though I am enthusiastic anyone wanting my stock for $30 is welcome to have it today. Next two - three years - maybe not. IMO