jeffries is a moron company just like S&P and Moody's who issued TRIPLE AAA ratings for many companies and held that rating until the stock market crash. Morons work for these firms and actually draw a salary. Great scam if you can get in because you don't have to have a skill and just issue trash.
Some puffy chair laden Chinese food eating stock analyst noticed that after the stock went down over 25% and some other bank downed it, it was time to try to look intelligent and credible. Sell call, after a little digestion period, are often buy points for me.
no, its at a ten year low and its going lower. and then and only then will they cut the dividend again. figure somewhere between 21 and 23 because by then the dividend will be around 5 per cent and the ll be able to get it into line with the other dividend payers that have all gone up. Looking good yet? Same people that brought you OBCare. Real go getters this bunch. Go get other peoples money, lol.
You could be right though I believe we're near the bottom and are oversold . Technical bounce ,if nothing, else is overdue. . My point is about the wisdom of these brokerage houses. Where was this downgrade when the stock was at 38?