(07-06-2020, 11:19 AM)stockguru Wrote: D is down $9 now. That's a bit extreme isn't it lolFor one day yeah it's a bit much. If I'm honest almost all my UTEs are 10%+ overvalued. But who pays attention to silly things like valuation?
I added a new position in SYY this morning.
I've bought D in the 60's about ten times and traded it, and I don't think that was much over a year ago. Reality is D was a high yielder and a core position in MANY retired folks portfolio. Some are going to bail on the upcoming Div reduction. Gotta do what you gotta do. Just one more example of... if the Div is a little too good to be true, it's probably riskier than you think. I hate it but interest is near zero, and these companies know they can trim the Div if things get tight. New investors will be back for the smaller Div. If you show up when the share price drops you aren't losing too much. This sucks for DGI investors though.