Aug 3 2006
Some Good News and Some Bad News
- 5 Comment
Two things to report on in this post; one cool and one not so cool.
First, the not so cool. It would appear that my timing to sell my Merck shares a few months ago was ill-timed based on the most recent share price. I sold my shares for $34.72 – the current price is $41.50. That sucks. Investing is like that. The key thing is to evaluate your past decisions to see if I would have acted differently. Looking back, I sold for fear of the 16,000 or so lawsuits against them right now sucking up all available cash flow which means that I did not expect to see a dividend increase in the future. That was one of the reasons I bought Merck, and without that I thought my money could be put to better use elsewhere. I still believe this. The funds went into Proctor & Gamble which I am confident will continue to increase dividends and provide me more wealth than Merck will be able to. Will I be right – who knows, but I need to base my decision on the facts that I have.
Second, the cool. Two of my stocks have announced a dividend increase this week. Great West Life and IGM Financial. IGM has increased their dividend 7.4% and GWO was bumped up by 7.3%. Not bad for doing nothing more than monitoring performance and holding the shares. I love it when this happens.
5 Comments on this post
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garrett said:
I always had a feeling about merck… Oh well you invest and learn..
August 5th, 2006 at 9:57 pm -
The Dividend Guy said:
Test comment
August 6th, 2006 at 8:25 pm -
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November 16th, 2007 at 5:42 am
[...] is important to have clear rules in your selling strategy and to stick with them. A long time ago I sold Merck for what I thought were good reason but it turned out I was wrong. Nonetheless I had my principles [...]
[...] have made the mistake of selling into trouble before with Merck and am paying for it now, as the share price has sky rocketed. I will be watching closely, [...]