(See April 27 Update-Click Here)(Great news: I am reading that LNCO will start paying monthly.) (Another Update: Wow this thing keeps dropping. Lot of negative opinions in the press. Long term investors should be BUYING or at least NOT selling. Long term holders have to realize this issue will go up and down but remember you are earning dividends. LNCO as with any position should represent no more than 1% of the portfolio. This situation with LNCO only re-emphasizes this policy of holding small positions in single stocks to minimize risk. LNCO will be around a long time and significant drops in small positions will not cause major concerns.)
(Update: Close to support at $38.56, buy here.) I talked about LNCO previously. We are ex-dividend and LNCO can be purchased at $38.80 and up to $39.90. Pays over 7%.
Excellent dividend payer for your IRA. Do not buy more than 1% of the portfolio.
I am not an investment professional. You must do your own research before buying any position. All gains or losses that you realize are based on your choices.