Clearly each to own and different needs … but personally I’m here for the dividends that are starting to roll and if the price stays down for the time being it means I can continue to accumulate at a lower price point - meaning larger dividend payment later.
The company has no real need for SP to move upwards … it’s a cash cow and has no need to have a higher SP for the purpose of say less dilution under cap raise circumstances (no need for cap raises with the free cash flow this one is now generating). Thus I’m happy for them to keep doing their thing, making more cash, announcing what needs to be announced, progressing mid stream product development (Calix) and down stream production (POSCO and now I believe another one in the works) and I’ll keep accumulating while the price stays down where it is now.
But, naturally each to own in this regard.
Good News & Bad News, page-30288
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$3.23 |
Change
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Mkt cap ! $9.721B | |||
| Open | High | Low | Value | Volume |
| $3.11 | $3.26 | $3.07 | $138.0M | 43.52M |
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| No. | Vol. | Price($) |
|---|---|---|
| 14 | 247485 | $3.22 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.23 | 265073 | 5 |
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