Probably not. It's going to dawn on investors pretty soon that at $9.90, $1.52 comes to a yield of 15%. Only a few stocks currently hand out that sort of distribution value. Then, add in the absolutely certain rise in appreciation to equalize with the rest of those traded stocks in the universe and we're sure to climb much higher in terms of valuation.
My thinking is that tomorrow will lift us well above $10 and then it's going to be a further incline as people climb on board for that juicy distribution. And adding to those points is the fact that we're now in the first of the year's more profitable quarters.
I don't think a letter is necessary. It's more about people being on top of available information and being able to process it in order to capitalize on fantastic opportunities.
Something I learned many years ago is that not everyone will jump on opportunities---especially if he doesn't even see the opportunity staring him in the face.
We buy stocks, we hold them while we hope and pray for a turn-around or we elect to sell because there are not enough positives on which to bank. Some out there undoubtedly sell when they get nervous, others hold on too long, believing in the tooth fairy.
Lots of investors won't dig into the fundamentals, fearful that they'll feel too underinformed to justify researching independently.
That said, I expect we'll see a further rise in valuation tomorrow. Moreover, it shouldn't take very long before a few analysts urge clients to buy this peewee stock of ours for a great distribution plus unheard of opportunity for capital appreciation.
I'm locked and loaded and ready for more fun.
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