So you think MSB might go up? Well I got news for ya, it will probably go way down!
It seems that last October the board, or others who do the financial reports to the SEC got a little behind on things and didn't quite make the deadline for filing the October dividend paperwork. Of course, that meant no October dividend and the price plunged....and plunged...and plunged...and slowly keep falling. If I had been smater then, I would have shorted MSB and made a handsome profit, but no, I merely decided it was time to bail on a once dandy dividend trust stock.
It will be interesting to see what happens in January when, I predict, the board will conveniently find another way out of paying a dividend, thus ensuring the stock value will fall further leaving hapless investors holding the "short" end of the stick.
full disclosure: I USED to have shares in MSB, but no more!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment