04-26-2015, 12:18 PM
(This post was last modified: 05-25-2015, 09:26 AM by Dividend Watcher.)
Sold 1/3 of my miniscule (now microscopic) position in MAT on Friday. Narrowed my loss from 39% to 20% on that lot. If I weren't in my late-50s and trying to build the income stream on the home stretch, I probably would've bought more in the 22 range. Now it's in no man's land -- too expensive for a value play and too iffy as even a supporting player. Still waiting for the dividend cut.
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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