No dreams about it MACYSH it's reality. Already trading in the 6's. Two dividend cuts in 60 days and this years interest rate hikes haven't even hit the surface of the table yet.
From .18 down to .14 down to .11 down to .09. Can you see the pattern here?
ALL share holders had no clue of this one so quick after the last they are now deer caught in the headlights don't know what hit them!
These high flying dividend stocks adjust down to where they are posting 14-18% return on the new adjusted dividend payout. Real easy to see where this price is heading.
This stock has options would be a good time to buy a put a year out to protect your investment if your long term holder. I don't think you will see this back at 9.00 anytime soon with this latest cut.
For the record I got out at 8 dollars and have no thoughts of returning here.
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