Yep, the stock is caught in a channel. And has been this way basically since 2014. Looking at lows around $3.50 (though has occasionally dipped below that, but gets bid up pretty quickly) and while high's have been up to $4.50ish, the current short-term channel is around $3.80 (though has occasionally charged above that, but gets sold down pretty quickly). Smart people use that to their advantage to pick the right times to accumulate...
... because as you note, 5% yield while you wait for the SP to double with the prawns ain't a bad spot to be.
TGR Price at posting:
$3.71 Sentiment: Buy Disclosure: Held
