when it is really ugly, sometimes you have to take a chance.
if thy came out today and said they were suspending the dividend, it might fall 20% but that is when you by bc that cash will go straight to business and bottmline thus it would be a fantastic buy if it fell to $1.50 and u can bet I would buy like 5000 or 10000 shares if that happened.
two of my recent ugly picks ran real nicely
CLF from $1.50 to $12 X from $5 to $38.
I always buy 52 week lows..never 52 week highs.
LL was also nice to get at $11-13 price range
FCX was nice under $5 KMI was great under $13
VRX is another one worth "trading" not sure if it is investable with 30 billion in debt
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