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David Stafford
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Student of markets, enjoys following their course.
My book:
Around the World in Several Pieces
  • The Lone Buoy, Flopping Around In The Tide.(OTT) 2 comments
    Jul 12, 2012 2:15 PM | about stocks: OTEL

    As the market moves lower again, which seemed almost unavoidable given the tendencies of the market these days, one can't help but notice a couple of orange specks on the horizon, seemingly rising above the tumult and waves.

    Of course, today, ARR is up, but with it is a somewhat lesser known(perhaps) high yielding dividend stock. That stock being none other, than OTT, or Otelco. According to the companies "abstract" OTT is involved in telecommunications. Apart from this it has a price around 7.40(7.43 at the moment), and has a dividend of a tasty .24 dollars. Hence, this stock has yields, in a sense similar or better relative to that of the longtime champion of the instablog, MPW.

    Surely more can be said of OTT, however, at the moment, I'm unfamiliar with much other than this superficial profile, hopefully I'll get a chance to explore it a little bit more in subsequent instablog articles.

    Nonetheless, until then, all things considered, it seems as though OTT can add a tasty cashflow to ones portfolio, especially relative to its relatively small cost of only 7.43 per share.

    Stocks: OTEL
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Comments (2)
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  • piccaso
    , contributor
    Comments (104) | Send Message
     
    What do you think of it now at $2.00 a share and no divi ?
    22 Aug 2012, 06:27 AM Reply Like
  • David Stafford
    , contributor
    Comments (9) | Send Message
     
    Author’s reply » Hi, that's a great question man. I guess it hinges on whether or not, one believes ye old Ott will come back after this kind of blow to its earnings forecasts for the next couple of years.

     

    Perhaps since it still has earnings forecasts per se, this might still be a decent time to buy. Almost reminiscent of the Windsor fund buying Citi near its bottom(somewhat of an exaggeration).

     

    I guess it might be thus a good just like side-dish kind of investment if one wanted to, because perhaps it might rise, and it seems like its gotten quite low already.

     

    Its supposed to make less money in 2013, and more in 2014, so maybey in time it will rise to its old highs, and maybe the market might just kind of carry it higher.

     

    I don't really know so much about Ott, but just from reading its headlines it seems like it still occasionally has some M&A activity and whatnot as of semi-recently.

     

    I guess it would be a sort of investment for a very positive person, who has a lot of faith in the company. But then again, one might not want to lose money just because of negative market- momentum per se. Although that momentum couldn't possibly carry the stock much lower. So I guess its really a sort of specific situation really dependent on the individual investor in question, but I would say to go with one's intuition, because it might yield more truth than forecasts per se.

     

    Thus, it might be wise to give it say a level to rise to, and once its proven its no longer comatose, and is rising again, that it should once again be bought if one has faith in it. That might be a decent strategy for picking it up again.
    22 Aug 2012, 11:23 AM Reply Like
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