Ashford Hospitality Trust (AHT) traded at a peak of almost $13 pre-recession and paid a decent quarterly dividend to boot. At the height of the recession it tanked to around $1-$2 and I figured I would jump on the chance to get a lot of shares and bought over 70 shares.
My hope was that when the recession ended, the price would return to at least near its $13 high.
Ideal scenario: Sell about 70 shares at $13 a pop, and get a net profit of about $800 less commissions and taxes.
It's now trading around $9 and no longer pays a dividend.
I decided to sell about 35 shares at the new $9.
At least it's still a profit........
Monday, October 11, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment