Superior Plus Corp T.SPB

When does the knife stop falling?

[KnowledgeSeekr8]

I was honestly laughing when people were talking about the dividend cut as they are well covered. But with the price movement down towards $6 and a dividend at that point being around 12%, I am pretty worried now as a large sharholder.

[InvestSmarter]

The selling is mainly from 1 or 2 sellers. JP Morgan and an Anonymous seller. Its 1 or 2 large holders exiting. Possibly just 1 holder selling in 2 accounts.

[stockstarker]

For every seller there is a buyer, I wouldn't  be surprised if Brookfield is one of those buyers, I know I am one, I have owned this stock for a long time and they have had their ups downs but they have always paid a dividend.. This company is much more exciting now than it was 20 years ago trading at a  much higher price.

[Experienced]

stockstarker...it is quite possible that they are a buyer given the daily trading volumes.  It is certainly what they did in the case of IPL where they quietly bought 10% of the company and then announced a takeover bid.  On the otherhand they could be just sitting in the bush and will strike later. Either way, given their history I wouldn't expect to see a takeover by them and at a

[himmler]

es,there is someting going on here.Its just too much of a relentless dropping.The fact that theres always a buyer doesnt mean much when the stock continues lower.All without any company disclosure as to why its happening . I find that unusual as well. Losing this % over the last short while should have investors asking questions,but zero. Financials coming soon,however ,from my investment manager,

[Freezerburn]

Selling at this level is a "have to", not a "want to". We'll find out eventually. 

[Experienced]

freezerburn...exactly...sad but true!!

[Schussing56]

Go study up on Peter Lynch. If you're confident in the company, the share price shouldn't matter.

[Experienced]

himmler...good points... From my days working as an investment advisor, the rules for disclosure by a company are somewhat loose.  Basically, a company is responsible for disclosing something which has a material effect on the company and the timing of this has a high degree of latitude. Curiously, in this case, IMO, SPB did disclose a material event last July which is something I have

[himmler]

As usual,good points!

[1condor]

This years chart is looking very much like 2011. I am holding my position for now and will not add again until the stock actually bottoms.

[fasteddy0043]

Added a few

[Apaulson]

It's called tax loss selling and window dressing....no portfolio manager wants to be seen holding this at month end. might bounce a little next week with earnings, then fade into year end. your investment advisor sucks like you.

[Shylock40]

Its tax loss selling from Jan 1st to Dec 31st with SPB, lol. BAM will buy this at $4.50/share or lower, they always screw shareholders in the end. Best of Luck to All!

[himmler]

Very mature reply kid...why don't you just grow up?

[Apaulson]

Stop posting garbage Heinrich.