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Bob Zumbrunnen

04/29/02 11:09 PM

#5007 RE: Joe Stocks #5006

Thanks. And you're right, it's a 7% dividend. I didn't do the math. I just used what Yahoo was showing, which I guess was based on the previous close.

7% is *very* attractive to me, especially if there's potential for gains in the stock itself while I get the dividend for a few quarters, but like I said in the header for the new board I started for it, I don't feel even remotely warm and fuzzy it'll keep that dividend. Personally, I expect it to be cut.

But, I think if it doesn't get cut on Wednesday, there's going to be a rather sizable rebound in the stock after the earnings call. At least, I know if I were listening to the call, the dividend is the one thing I'd be most interested in hearing about.

Until I got burned on F, I really liked buying beaten-down stocks with good dividends. Probably because in the back of my mind it's always bugged me that the market has turned into a casino where the dividend or expected future dividends isn't what's being bought anymore.