I asked him why he chose HLG and his other stocks. Answer 'thats what the guys down the bowling club are doing'I feel there is a lot of ignorance out there and as the oldies move from bank deposits to shares there will much sadness in a year or two when interest rates start rising and share prices (many currently being valued as a bond) start falling
FWIW Chris Lee had a fair bit to say about older investors having to take on board some risk to maintain their income level's in his most recent newsletter and a good mention of REIT's.
I guess he's got to sell something. A few years ago it was finance company debentures!
Well I didn't buy....couldn't make the risk/return work on my parcel and I need to believe in the stock long-term. I had wanted to by HLG some time ago when they were around 3.30 but the numbers didn't add up at all - As an absolute basic for me, the div was more than the eps. So this gave me no long term comfort. Sold a few shares this past week that have had great runs and am now in to an adjusted set. Will be missing a few divs. But good enough return is a good enough return for me! Now I just need my PGW to do its thing!!!!! Bah humbug
Well I didn't buy....couldn't make the risk/return work on my parcel and I need to believe in the stock long-term. I had wanted to by HLG some time ago when they were around 3.30 but the numbers didn't add up at all - As an absolute basic for me, the div was more than the eps. So this gave me no long term comfort. Sold a few shares this past week that have had great runs and am now in to an adjusted set. Will be missing a few divs. But good enough return is a good enough return for me! Now I just need my PGW to do its thing!!!!! Bah humbug
I reckon you be better off with HLG than PGW
Hope with PGW is not a good strategy
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
agree....problem is I bought PGW a long time ago...have nearly neutralised with divs but not ready to sell that holding yet...will give it a bit more time as farming will come back in favour....if no performance after a while then I will move out of it but only after I have put some brain work into the move. Just bought some HBY.
If they were buying for the dividend bit of time for a recovery
The guys down the bowling club got their dividends and decided to cut their losses and sold out of HLG. Almost en masse they have bought into AIR as they heard it was paying huge dividends.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
If they were buying for the dividend bit of time for a recovery
The guys down the bowling club got their dividends and decided to cut their losses and sold out of HLG. Almost en masse they have bought into AIR as they heard it was paying huge dividends.
Who's spreading all these rumours at the bowling club, winner?
Originally Posted by winner69
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