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Scotttrader80

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Scotttrader80

Re: None

Sunday, 05/10/2020 3:29:19 PM

Sunday, May 10, 2020 3:29:19 PM

Post# of 1419
LORL Special dividend of $5.50 x date 5/14/2020

https://www.prnewswire.com/news-releases/loral-declares-special-dividend-of-5-50-per-share-301050355.html

I used to chase the special dividend until I discovered how much the sp sells off on the xdate. So what I do now is buy after the x date when the sp has dropped, foregoing the special dividend, then riding the share price back up to the levels BEFORE the divy announcement. In many cases the appreciation getting back to pre announcment levels exceeds the special divy, a win win.

LORL has a 1 year price target of $89.00

The stock market is a device for transferring MONEY from the impatient to the patient......Warren Buffett

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