Quote:
Originally Posted by Wayne at Pelican Parts
I bought a little bit the other day at 5.25. It certainly is a gamble. 20% yield on that dividend (for now) is very tempting....
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Why that was my logic when I bought some a couple of years ago (I think it was that time frame), when it had plummeted down to $20 and the dividend was at 10%. It had a very nice runup (30+), but then they slashed the dividend and I sold for a nice profit (one of my few short term plays). It's definately a gamble at this point, both the dividend and the potential to be left holding the bag as a shareholder imo. Good luck to all! ...Hmmm that Wayne's a pretty smart fellow
