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finished my second round of buying high dividend

(2008-12-31 08:39:15) 下一個
oil gas stock. Unfortunate news is that I missed line, it jumped about 20% higher Monday after a Barron article said its dividend is safe on Sunday. The market is funny, everybody kind of know line\'s dividend is safe because of hedge program it has for the next couple of years, but people prefer to wait, wait and wait until last minute.

I end up bought apl at 5.32, a 76.2% dividend rate, ahd at 3.78 (56%). apl, ahd and atn are related. According to the article below, apl\'s problem lies on rapid dropping price of NGL (natural gas liquid):

http://www.prudentspeculations.blogspot.com/

I think apl and ahd is certainly like to cut their distribution, but current price looks like they are going to go bankrupt. I am not that familiar with these companies, so I just bought some small positions.

here is a discussion board for apl:

http://boards.fool.com/Messages.asp?mid=27182333&bid=100801



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