ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
Not trying to be argumentative, or disrespectful, but when a company has a 5-year chart that looks like this, it might be time to cut bait.
That's not to say they couldn't turn things around. So if you decide to hold the shares, I hope it works out for you.
I had one of them myself. Started out as my local telephone company. Did very well on its own. But then it was acquired by another telecom, then they merged with another company, then another merger. During the merger years, it gradually went up, & by late 2016, it was just under $30.00
It's been downhill ever since. I sold around $12.00 Took the proceeds & dollar cost averaged into VIG.
It's now trading around $10.50 & the dividend yield is up to 15.48%
I don't wish it upon anyone, but I expect a sizable dividend cut in the near future.
That's not to say they couldn't turn things around. So if you decide to hold the shares, I hope it works out for you.
I had one of them myself. Started out as my local telephone company. Did very well on its own. But then it was acquired by another telecom, then they merged with another company, then another merger. During the merger years, it gradually went up, & by late 2016, it was just under $30.00
It's been downhill ever since. I sold around $12.00 Took the proceeds & dollar cost averaged into VIG.
It's now trading around $10.50 & the dividend yield is up to 15.48%
I don't wish it upon anyone, but I expect a sizable dividend cut in the near future.
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