Can either of you provide info/data/math as to how you arrived with these figures?
I will gladly improve my cost basis and am OK with a reduction in the dividend. Please note that the dividend isn't getting "cut" as was suggested...they pay 90% of earnings so they pay out what they earn. In this environment, I will take 8-14% yield anyday. Over the long run, buying when things get ugly (now and potentially for the next year) has yielded excellent returns.