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IBDvalueinvestin (98.32)

Skyrocketing stock for 8% divy.



October 05, 2010 – Comments (3) | RELATED TICKERS: MSB

Yeah how about a stock up 50% in less than a year because its paying an 8% divy.

MSB has been on fire because of this fact.

3 Comments – Post Your Own

#1) On October 05, 2010 at 11:26 AM, rockbox64 (< 20) wrote:

I own it.  Its blowing up.  Why?  Do you know?  Institutions don't own it.  It ships ballbearings and iron and steel.  Is this is a pure steel play or what?  Any input into this totally under the radar screen co, would be appreciared.  Thinking about taking some profits today.  Your advice?

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#2) On October 05, 2010 at 12:03 PM, SweetMircha (76.09) wrote:

Well, TMF has advised us to be careful with some of the extremely high dividend paying stocks, for  "blowing up in our faces" if they're not an old reputable company.

Could there be some insider activity balooning the stock price of this company? I don't own any of it but it sounds that there's a possible Red Flag gently floating.

I guess if it were me, I'd consider taking my profits, some or all and then waiting to see if it crashes and starts to come back up.  Then I'd start buying back in increments.  It's not a suggestion but just my thoughts on what I'd do in this scenario.

Afterall, we have to watch over our own nest eggs and do what ever it takes to make them grow.

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#3) On October 05, 2010 at 12:13 PM, ikkyu2 (98.17) wrote:

Two words:  How leveraged?

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