A couple of comments....
1) They have not been shown to be a leaky ship in previous years.
2) A recession will affect far more stocks than Heartland. In fact one could argue that their Seniors Loans might do even better in a recession.
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Thanks for that BlackPeter.
Its not always bad to buy in a down trend, but you need to be very confident in the company, and not bet the house with the first purchase. . I have done so several times and not regretted it. Of course....I have also regretted it sometimes as well !
Nah...I’m not talking about recession. It was Beagle who suggested “I think the market is pricing in at least a 50/50 chance of a recession in 2020.......” But I do think if/when there is one, it will affect most stocks, not just a few. Won’t be singling just one out.
Last year HBL paid 9.0 cps in dividends. If HGH can pay 9.5 cps fully imputed this year (9.5 / 0.72), heck that's 13.19 cps gross and as near as damm it a gross return of 10% at $1.33 AND the interim dividend is just around the corner. Hmmm I think one can afford to be quite patient seeking a recovery in the SP when they're getting a 10% gross divvy yield.
Some of us old timer Heartlanders are enjoying a much higher [on average holding cost] divie yield..... lol.
Then you'd we wise to wait until a bottom SP was confirmed, possibly locking in an even better yield, especially if one thinks a recession is around corner. No point imho in rushing into these things until there's an obvious SP up trend delivering tasty yields and capital gains. Then again maybe you picked the bottom, there's a recent $1.32 price support precedent that suggests you might have. Not infallible, but worth keeping an eye on. Personally I'd rather leave a decision until the last minute.