Don't entirely disagree bumskins, you make a valid point. I know, because I own too many WAX shares. When the world is one, it's a terrific dividend source. But the NTA is the problem, and it can whirl you well out of whack on capital losses. Even the divvies can't make up the difference over years of loyalty. Doesn't help that the boss, Geoff Wilson (a likeable, smart man) gets nervous and dives into cash at the wrong time. Even I knew you can't time any market! Yet WMI has been successful, so at this downgrade it may be OK. Who knows? Wish I did.
WMI Price at posting:
98.0¢ Sentiment: None Disclosure: Not Held
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