I hold an amount of BKN, having accumulated them over the past year or two. A former darling several times over that have always paid good dividends and realised a solid capital gain. I fully realise that this is not a guarantee of future returns, but I have always viewed them as a junior bluechip with their house in order who happen to have risen to a point several times over the past decade where I have cashed in, then bought back later at a more reasonable price. I am not particulary worried about their price at the moment but I find it frustrating that they appear to be grossly oversold!
Solid company, check. Great yield, check. Low P/E, check. Good forecast, check. But, at today's close, only 29 buyers are after 40,000 shares but 45 sellers want to offload 108,000 shares, and their share price has crashed 40% in the past 2-and-a-bit months.
Why?????????? Meanwhile, investors all around the place are looking for worthwhile places to park their money. Are people solely interested in the short term nowadays?
Hopefully this doesn't sound like a ramp. It is not intended to be, since I have no intention of selling anytime soon. In fact I might buy some more...