While the short -
term vicissitudes of the market are based purely on investor sentiment, dividends are doled out based on actual business prospects.
Not exact matches
But long -
term, the company clearly knows that it needs a hedge against the
vicissitudes of the TV distribution market, and owning content is one way of doing that.
I think it's in the nature of long
term shareholding of the normal
vicissitudes, in worldly outcomes, and in markets that the long -
term holder has his quoted value of his stocks go down by say 50 %.
Long -
term investors always benefit from stock market
vicissitudes because investments made during market downturns bring down average costs.