You should be thinking longer term. Get a financial planner to advise on shares would be my advice.
AWC are spending on infrastructure for the next 3 years. That money as I understand it is coming out of the dividends.
Shares go up and down. I see it as a bargain price now but could just as easily drop below $2 a share.
I think longer term. Give it 4 years by which time the dividends will start to rise but that also assume the aluminium price
will be higher. I would say the stock may well be over $4 in 4 years time. Other stocks that are over $4 now don't give as good dividends as AWC do now and that is with a cut of their div's due to infrastructure spending.
Aluminium up to $1775 and up $22 over night.
AWC does good dividends so give it 10 years and the shares may well pay for what ever you buy now is the way I think.
I bought 10,000 of these many years ago and they paid for themselves from dividends alone. The ones I bought lately were at a higher price than they are now. Some that bought higher may panic and sell but I do not think that way for these shares.
AWC is a good rock solid company in my view.
Seen many stock crashes over the time I've owned AWC.
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6 | 328877 | 1.415 |
50 | 757307 | 1.410 |
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