Ripcord01 Monday, 11/11/13 10:29:02 AM Re: GKG post# 322 Post # of 367 My thoughts long term is that it will be easily a 20-30 dollar stock in the next 10 years. Especially if it pays a dividend and looks like it will go back to paying the hefty dividends it has paid in the past. However, I think that this stock has a near term potential to fall back. So, someone starting an investment in this stock has to understand that this could drop 20-30-40 percent in a short period of time. They need to know when it does drop like that it isn't a scary proposition. A drop like that would be a clear buying opportunity in my opinion. My investing perspective is that I try to view my investments in terms of 10 years. If I can double my money in less than 10 years I have done better than breaking even. So if I buy a $1000 dollars worth of stock, to break even it has to be worth $2000 dollars worth of stock in 10 years. If I can buy a stock that doubles and pays a dividend I will always break even. LYG has already doubled for me in less than year. However, I think that with resumption of dividends this year or next it could jump to 10-14 dollars easily. I will probably sell some of my stock as the price goes up to $10 dollars to cover my costs. I am confident that dividends will return in a small way in the next 2 years. I basically invested in LYG because I felt it would more than double and I could make a nice profit. The second reason is that it was a very nice dividend payer prior to the financial collapse. So I wanted as many shares as I could get. Basically pick up a future predictable dividend payer for cheap. This stock was paying near 2 dollars per year in dividends prior to 2008. Banks play an important part in the world economy. When you look at banks as a whole group over the last 100 years you will see that the major banks were all stable dividend payers. So picking up a bunch of this stock and then selling a portion to cover my costs seems like a decent way to play this stock.