Give us a hint of his position. In Personal Finance he has gone to a very stong "Hold" position which to me is soft way of saying it aint that good anymore. My overall take is they could cut the div a lot to a lower payout ration of their post "Trader" cash flow and still pay a bigger div than the alternatives. This coupled with the huge discount to both Book and NAV keeps me in place for now. This is a very mature company trying to reinvent itself late in the online game.
i think roger tries hard but is a panicker. only likes things that are going up. he liked ylw at 3x the price it is today and now cautious hold. yet if you look at what he said all along, literally nothing has changed to the negative, in fact Trader sale and buyback are positives and he admits qtrs been good.