Oxford Resource Partners, LP (OXF)

[iheartweimers]

Savvy financial advisors hold that one should never exceed
20% of their portfolio in any one stock. I just exceeded that
by purchasing 1000 shares (and the pps promptly dropped
.11) so I have a lot of faith in OXF to recover. I originally
purchased here when it was in the teens, because of the
companies ability (and the BOD's willingness) to pay the
divi when the red ink on a "Q" indicated otherwise. When
the announcement finally came that the dividend was being
suspended, the CEO said that it would be paid in arrears
when the situation allowed. Instead of selling and buying
back in at a lower share price level, I continued to hold and
average down, another terrible practice. I think at some
point a dividend may be paid but I'm not counting on any
back payments at this point, nor do I even want any. This
is a partnership. I'm happy enough that they avoided BK,
which a less able management would have tried, IMO.
These men have shown they really care about the miners
and their families as well as the partners. Watch insider
trades. Buying is a good sign.