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Re: Snide Sniper post# 6

Sunday, 01/14/2018 12:33:45 PM

Sunday, January 14, 2018 12:33:45 PM

Post# of 8
I bought this stock along with GR_MN, RM_CF, SA_N and FL_Y=(babcock & brown at that time) back in 2009 after the market crash. I was just looking for dividend payers that were way undervalue. STB at the time had been ran down till the dividend rate was ~11% so I bought it along with the others that weren't quite as good. They were all set so dividends automatically reinvested. Since then I have sold GR_MN & FL_Y as they both had pps gains and FL_Y quit paying dividends. Out of the 3 remaining SA_N huge disappointment, RM_CF good divy little growth. ST_B has been a gem. It pays dividends monthly and I have watched as my position has increased every month to ~50% more than my original and the pps has basically doubled. It has returned more than almost every mutual fund in my IRA. That said I think with the Trump effect on the market this year the mutual funds will probably do better. Best long term hold (10+ years) I've had. Today in my opinion it's just become a straight dividend play as the companies growth is very slow.

This is all just my opinion don't take my word as any advice I'm no Warren Buffet. LOL

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