Dividend trap
$Ecopetrol (EC.US)$ funny to see malaysia ppl sentiment, lousy stock with poor financial still buy for the sake of dividend🤭🤣😂
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6686 : net income, also known as net profit after deducting all the expenses and tax. being able to give a dividend based on its dividend policy shows that the company is profiting. they issued USD$1.57095 in 2024 for financial year 2023. market is overselling their stock but it's not a bad thing for long term investors to buy in their stock at a discounted price. I love it when people dump their stocks out of fear and not realizing the real potential of the company.
Space Dust : stumbled across a YouTube channel about a type of investing I hadn't heard of. where people buy on margin to use the dividend to cover it all..![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
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really don't personally grasp the concept. Todd Aken or Aiken?
Space Dust : oh, if this goes to 6.50.. things are gonna get wild.
OMGLLD : Malaysians bought 1 share, is it good or not? Don't let them deceive you by flooding the screen every day.
103359300 OP 6686 : I dont see any hope inside this losing stock