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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (73678)9/21/2023 12:39:38 PM
From: Paul Senior  Read Replies (3) | Respond to of 78822
 
WPC. The company spin off will be commercial properties. I expect the stock to drop as WPC holders dispose of their shares, not wanting to hold commercial properties. As a result of the spin off, and maybe as a reason for the spin off, WPC is reducing its dividend. All this is confusing to me, and not what I expected when I bought the stock. I've a very large position, and so I'm very largely disappointed. Discouraged. I am going to sell here, and reassess.

The stock's taking a good drubbing this morning. Maybe it's overdone, and will bounce back tomorrow. I don't believe it'll go anywhere after that, if it bounces, and will still stay low, so I should have some time to get back in, if I want.