Not pitching this or any other stock name... Everyone needs to do their own work and decide what THEY are comfortable owning! Please -- don't think for one moment that what I - or anyone else does - is what you should do!
Sieg,
That's why I own 10,000 shares of it! The dividend is "solid" (nothing is guaranteed of course)... and I have down side protection - because as the price decreases the percentage the dividend pay INCREASES - so becomes more attractive to new buyers/investors (given the return % based on their cost).
I currently have a "loss" in this name (my average cost per share is $84.27) - actually a pretty good sized one on a percentage basis (almost 5%) --- but that doesn't bother me one bit! A small percentage move up in price will have me even - and in the meantime I'm getting a very nice cash flow from it (I'll save you all doing the math and research -- I pick up $4,500 PER MONTH in dividend off this holding).
Last edited by GregWeld; 12-28-2013 at 05:02 PM.
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