I think one of the things that happens is people (including myself, sometimes) consider the value of the stock based upon what was paid for it. If I look at ALDW at the current price, would I buy it? Yes, I would. 6% div and a limited downside in stock price. Over the next year I feel strongly that we have a much better chance of being up $5 than being down $2.
Thanks Jugs. Patience has been rewarded in some of the other yield names I own (BDCs, STWD, REITs, Infrastructure) and I'm perfectly content collecting my ALDW distribution in the meantime while I wait for its fortunes to turn also. 20-25 cents next quarter means I'm using the distribution upgrading for new skis this season :)