Originally Posted by
crighton100
I'm an old retired investor [my equal biggest investment is STU],I was quite concerned months ago when the share started to drop from near $3 down to the $2.50's,so I wrote an email to the CEO [basically asking if they were going the way of Pumpkin Patch & Katmando] & to my surprise he replied with a rather long email,explaining the problems they had & more or less telling me they were in a good place & advising all the positives in the company,which I thought was pretty good & quite enlightening [& his advise to me was they would not go the way of above mentioned companies].That being aside I can remember when their shares were trading around $1,so nothing is a certainty.But with interest rates where they are ,its a pretty sure thing that no matter what problems the company has it will still be earning enough to pay substantially more in dividends,as it is not just a steel provider & the building industry is going gang busters [even if you have your head in the sand,you must know that just from listening to the news].My reason for making a comment is many oldies will have shares in the company & I think sticking with them rather than taking a loss is the way to go [as tough as it seems].The share market should be strong for some time to come [unless Trump gets in & world war 3 occurs] as interest rates will remain very low for us old buggers for quite some time to come & you have all the kiwi saver outfits & the govt super scheme buying shares all the time & like in all circles STU will most probably rise again.