Almost 7% yield, despite that the stock did not move!!The private placement is also at a much higher price with a yield less than the current dividend!!It should move up atleast close to offer price!!
The only thing moving today is my bowels.
Pour it on!! The worst recession in half a century cannot shut down this fortress protected dividend.Buy on ALL dips.
I agree, buy the dips. They made some bad business decisions (along with a lot of other financial companies), but theirs weren't fatal because they had a strong balance sheet. Even without the mortgage meltdown the stock would have been under pressure because of the recession. None of this will last forever - I added on the latest dip under $10.