tankerman

Pfizer: Ride or Let Slide?

notsosmart: while I agree that just looking at yield is dangerous, I'm not sure I get your point regarding FRO. I bought some shares of FRO in May 2005, in the low $50s, with dividends automatically reinvested. The stock dropped as far as into the low $30s, and took over 2 years to return back to the low $50s, but during that time, the reinvested dividends accumulated a boatload of shares. Including reinvested dividends, and an appreciated stock price, my initial investment has tripled in just over 3 years, so while FRO's 18%+ dividend yield seems scary initially, it's worked out well for those who've had the patience to hang in there for the long haul...