04-13-2015, 09:48 AM
(04-13-2015, 08:50 AM)Kerim Wrote:(04-13-2015, 08:47 AM)rapidacid Wrote:(04-13-2015, 04:35 AM)Lewys120 Wrote: BP is up 16% since I bought it and I'm finding it hard to justify it's current price.
So you wanted it to not appreciate in value? How does a 16% price movement change your opinion on any position? 22% of the stock price is cash. They have $30B in cash and pay ~$6B in dividends every year. What are you concerned about?
This!
After seeing the info from rapid,
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan