Seeking Alpha
  • Ocean Man
    Take a red felt-tip pen and a 1-year chart for TEF. Circle the moves during April and October. These are the dividend run-ups on this 10%
    3/24/12
    Reply (9)
    • Ocean Man: yielder that pays dividends twice a year (twice as big as a quarterly payer for those trying to capture dividends). 6 months ago, the run-up
      3/24/12
    • Ocean Man: in October was from 18.38 to 22.54 or 23%. 12 months ago, the run-up in April was from 25.22 to 27.08 or 7%. April is a week away and TEF is
      3/24/12
    • Ocean Man: low right now at 16.86 (52-week low is 16.18). Knock on TEF was a dividend cut, but European companies don't avoid div cuts like U.S.
      3/24/12
    • Ocean Man: companies do, not viewed as a kiss of death over there, they let the divs fluctuate with earnings more. The lower dividend is actually
      3/24/12
    • Ocean Man: a higher yield at 16.86 than the higher div was at 25. You could leg into it this week or wait til Friday, add on dips, play it smart.
      3/24/12
    • Ocean Man: Note that gains would have been larger a few days before the ex-date in Nov, rather than the day before, so take gains carefully, no greed.
      3/24/12
    • Demi9OD: Thinking bull call ladder it up based on action next week.
      3/24/12
    • Ocean Man: Calls good idea Demi. DaLatin - this play captures the run-up before the dividend, exit before the div, so foreign withholding not an issue.
      3/24/12
    • Demi9OD: Any other red pen ideas this weekend OM?
      3/25/12