ATO. Oops, had not realized where that one was trading. ... Okay, I sold about half my few shares now. (Thanks for the post and previous on ATO, EKS.) ...Buying LNCO. Doubling my position, maybe more tomorrow.
GDI was a an error on my part I guess -- sold too soon. Have had it on my watch list since, seeing it climb. Maybe after earlier discussion 2day with Jurgis Bekepuris, I better look at it again and see if maybe my views on p/e need some adjusting.
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Also as regarding dividend plays -- what I bought them for anyway -- I'm selling some TCAP, LXP, PFD. I have a bunch of these stocks, and given that either the distributions are being decreased, the stocks are up near highs, the yields are at/under ~6% -- I'm guessing it's just not worth the risk of holding on to position-size amounts if there's a correction in the market again that could drop the stocks 10% or more.
OTOH, if there's no correction, and if maybe I do not adjust my perception as to what value is (i.e accept that GDI is trading at a relatively high p/bk, that p/e is/might be 12-13 -- not great (but maybe it is okay (??) and that it's only somewhat below 13-15x of a few years past), then I might wind up being in the position of being a sold-out bull. I've been in this position before, and it's an uncomfortable one -- nothing like seeing the market go up, "everybody" seeming to being doing well and easily, and me with plenty of cash -- not seeing much I like, being wary of buying anything in any but the smallest quantity, and too afraid to step up to stocks with so many, many near the top of their 12-mo range. Ah well. |
