Just added some ALDW at $11.50. It raised my cost basis up two cents to $8.08 and now sit on 23,500. I did this more as a vote of confidence in myself than anything else. It get itchy when I'm not daring the fates.
This is the nitty-gritty:
When I believe in something, I feel I've got to stand with it and for it in all ways. Nobody here knows what the next distribution will be or even that there'll be one as this is a variable payer. But as I add things up, I can't ignore the screeching of my investor-bones. They are screaming:
"Buy ALDW or be a forever moron without so much as a prayer to lift you out of the gutter of weakness!"
I listened as I've listened for much of ALDW's public trading history. This pick has never failed me. But if I don't back up my commitment with decisive action, then I'm the a-hole.
Looking ahead is always easy, especially when we take into consideration that time softens the impact of crises. If ALDW hits a snag in the next quarterly payout amount? I won't abandon ship for I trust the company to shuffle the cards anew and those who stay with the plan and the team will be the ones enriched.
Nevertheless, I'm still expecting at least 35 cents in the coming distribution and am open to 60-70 cents as a distinct possibility. But I'm in this for far more than distributions. If we get anything in the half dollar range for the quarter next paying us? That equates to an across-the-board valuation of $28.57/unit scaled to a 7% yield which is higher than the Alerian Index average of 6.7%.
Can I ignore realities as simple as this? Better still---can YOU?
Happy hunting!
