Ah yes the dividend, I got my dates mixed up with that one; I notice it still fell more than the six cents paid.
Since you insist on researching me, I should point out that IIN was my biggest win of the ones you mention - I called that one right before the bad report and big fall and sold for a nice profit soon after. SKT I shorted at 5.75 and it's now 5.47 so also happy with that. LNG I still wish I could short it (weak chart and a big cap. raise likely) but sadly I can't. Yes JBH moved against me so I bailed for a 3% loss, it's a volatile stock.
But to get back to SWM, apart from it's textbook bearish chart and poor financials, the most important bear point is the poor future of TV (77% of SWM's biz). Investing now in the future of TV is like investing in newspapers, video stores, book stores or record stores a few years back. The future is mainly mobile, and it's happening VERY fast! But don't take my word for it, here's some fascinating Sunday reading:
http://fortune.com/2015/02/18/millennials-are-abandoning-their-tv-sets-faster-than-ever/
http://www.*.com.au/nielsen-q4-total-audience-data-2015-3
p.s. Netflix launches in Oz and NZ March 24 - expect huge publicity and more negativity towards stocks such as SWM and STK around that date (I'm betting on a steep dive, but we'll see soon enough.)
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16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $253.9M |
Open | High | Low | Value | Volume |
16.5¢ | 16.5¢ | 15.5¢ | $227.2K | 1.418M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2394 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 10266 | 1 |
View Market Depth
No. | Vol. | Price($) |
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5 | 63253 | 0.160 |
6 | 374027 | 0.155 |
19 | 313260 | 0.150 |
3 | 272000 | 0.145 |
8 | 174675 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.155 | 603 | 1 |
0.165 | 75017 | 16 |
0.170 | 838111 | 12 |
0.175 | 300812 | 15 |
0.180 | 1245893 | 13 |
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