by Travis Johnson, Stock Gumshoe | April 3, 2014 11:58 am
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Source URL: https://www.stockgumshoe.com/2014/04/tim-eriksen-the-road-less-traveled/
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For what it’s worth – and that might not be much – as well as saving readers the time to look up a price chart to see what effect such a huge payout might have on AWLCF, I can tell you this: I made my first buy on Sept. 20, 2013, at $18.90 per share in my Income account. Watching it over the next few weeks, I made a secondary buy on November 12, 2013, at $21.43 per share. AWLCF is now tied with one other position as the largest (in current value dollars) in that account which has some 15 positions overall. Apparently the Squirrel did indeed find himself an acorn with AWLCF.
These dividends of 20% haven’t disturbed the share price at all with AWLCF closing at $21.60 today (Thursday 4/3/14). This is exactly the kind of company I like to own in this Income account – hefty dividends and little volatility. Lets hope Mr. Eriksen is correct and this can be continued for the next 2 years +- before the rigs have to go in for refurbishment.
Jim Skelton
The Blind Squirrel