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August 2008

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2

What am I mising here?

August 08, 2008 – Comments (4)

One stock I have had interest in is ACAS.  I see a stock trading low 20s paying a dividend of over $4 per share.  Now normally when I see a high dividend yield I do a little homework to see why.  Oftentimes it means the stock is plunging and the dividend is most likely going to be cut. So I do some more homework here.  And all I find is pretty much an assurance that they will continue to pay its dividend with sufficient existing funds to pay even half of next years so far.  Further homework shows that this stock's original IPO was $15 in 1997 and has to date paid over $29 in dividends.  So in essence if you bought it and held you made almost 200 % on your original investment over 11 years.  That's a pretty damn good annual return I think.  [more]

Recs

3

What's with Thursdays?

August 07, 2008 – Comments (1)

I swear if the market is going to plunge it seems it likes to do it on Thursdays.  Market inches up during a week (tho this week Monday sucked), then whammo, Thursday comes.  It's at a point where it might be a playable "put" day.

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