The High Dividend Stock Investor's Collapsing Dollar Survival Guide, Part 5 [View article]
Cliff, I am confused by the prices you quoted as entry points for FTE and TEF, as they are inconsistent with the prices of their ADR's. I've owned both for many years due to their excellent dividends.
I added recently more FTE @22 (for the ADR). You recommend buying it @14/12, which I agree would be a great price, but the 52-week range is 21-36 and I'd be very surprised if it gets down to 14.
You recommend buying TEF @ 14/12, but its 52 week range is 47-93 (for the ADR). I have been looking to expand my holding in it, but frankly I think it is expensive. I would not buy more unless it dropped below $40.
Regarding BP, another issue that I have owned for years and added to recently, I am less confident than you about their dividend, and would not be too surprised if it were reduced if oil continues to slump for a while. I believe the stock price slump suggests that others have similar expectations.
The High Dividend Stock Investor's Collapsing Dollar Survival Guide, Part 5 [View article]
I added recently more FTE @22 (for the ADR). You recommend buying it @14/12, which I agree would be a great price, but the 52-week range is 21-36 and I'd be very surprised if it gets down to 14.
You recommend buying TEF @ 14/12, but its 52 week range is 47-93 (for the ADR). I have been looking to expand my holding in it, but frankly I think it is expensive. I would not buy more unless it dropped below $40.
Regarding BP, another issue that I have owned for years and added to recently, I am less confident than you about their dividend, and would not be too surprised if it were reduced if oil continues to slump for a while. I believe the stock price slump suggests that others have similar expectations.