haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
This morning I dropped a cool $20,000 in a few hours, thanks to UST reporting flat Q1 earnings rel to last year, and missing analyst estimates by $0.02! ($0.73 vs est of $0.75.) Oh Boy, almost 3%. The other problem was resistance to price increases in Copenhagen and Skoal. But with job growth poor, I think some resistance could be expected.
This is a company that has paid dividends continuously since 1912, every year raises the dividend about 5%, plus buys in a lot of stock.
Fortunately I sold almost half my position earlier this spring. I would have sold it all, but didn't want to pay tax. Also, I didn't want to own only T-bills. Now the market has taken the tax amount, and then some- plus leaving me with almost as much tax to pay should I ever sell.
Markets are frustrating- no matter what you do there are many ways to be wrong.
Mikey
This is a company that has paid dividends continuously since 1912, every year raises the dividend about 5%, plus buys in a lot of stock.
Fortunately I sold almost half my position earlier this spring. I would have sold it all, but didn't want to pay tax. Also, I didn't want to own only T-bills. Now the market has taken the tax amount, and then some- plus leaving me with almost as much tax to pay should I ever sell.
Markets are frustrating- no matter what you do there are many ways to be wrong.
Mikey