ProphetofProfits20
Apr 9, 4:11 PM
$MAGY MAGY distribution this week is down to .248887. The distribution is slowly deteriorating along with the stock price.
If you bought the stock today, it's still a good yield. However, many of us bought the stock at a higher price and the yield is slowly decreasing. This distribution is less than 25% based on the price I bought my shares.
If the stock price continued to decline, and the yield (based on my purchase price) moves closer to 20%, I may have to consider moving my money somewhere else. Once the reward was worth the risk, that may not be the case shortly.
1 replies