A.I.M. Users Bulletin Board

[Bernie Goldberg]

Hi Ergo Sum,
That's not the kind of thing I worry about. It's just fodder for the AIM machine.
All I know is right now there are some fantastic buys in dividend paying stocks. They may not move around as much your tech stocks, but a 10+% yield from a reliable company is awfully hard to beat in today's market. If it goes down further I would buy some more. The market is wrong on ALD as it is on so many other stocks today. Anybody who is thinking of buying today also feels that the market is WRONG!
here's another thing to think about.
Let's say JP Morgan has a branch in your neighborhood. I don't know the exact number but let's say they're paying 1 1/2% on a savings acount, or maybe its 3 3/4% on a CD where you can't touch your money for an entire year.
Why would you do either of those two things or any of their other choices when you can buy shares of JPM which are today paying 6 1/4%. Perhaps one reason is that you think JP Morgan is going out of business soon. Or perhaps another company going out of business any minute or so is General Motors paying over 5%. These and other companies like them have been in business about a century or so. We're not talking Enron here. We're talking about companies that make up the foundation of american business. Man it is bargain days on Wall Street.
Bernie