What Did You Buy Today?

[fenders53]

(05-05-2020, 11:35 AM)stockguru Wrote:

(05-05-2020, 11:31 AM)fenders53 Wrote:

(05-05-2020, 11:26 AM)stockguru Wrote: While you all are selling RDS I just bought it. It's still paying a 4% yield and I can live with that. I see the dividend cut as good news. This is the first time they have cut the dividend since  WW2. That tells you something. The dividend will come back. In the meantime this gives them a chance to pay back debt. Buy it while its at the bottom.

Straight from the CEO mouth

We think the business is fundamentally a much better one following the dividend cut, and expect debt levels to fall rapidly over 2021-22

I am considering the same move with RDS  That's the HUGE advantage of coming in after the bloodbath few predicted.  We can be opportunistic.  Selling on the announcement usually isn't a horrible idea.  They can get back in 5-10% lower just days later if they care to.  I've done that on other stocks a few times this month. Usually with a put option so I can steal the next few lost dividends back immediately.  Just did exactly that with my WY position.

Your a smart man   

Just buy in before the 5/14 ex dividend lol

No I am just lucky if I happen to show up late lol.  This really sucks getting Divs pulled away after you had exercised some patience and held through a down draft.  We are getting a review lesson on why boring aristocrats are aristocrats.