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Glimcher Realty Trust Message Board

  • LA_Lost_Boy LA_Lost_Boy Jan 22, 2008 6:26 PM Flag

    Are you kidding?

    First Dividend cut for GRT -EVER-...
    Let me repeat that---First Dividend cut for GRT -EVER-...

    Can you say slaughter in the making?

    I have been in and out GRT for darn near a decade...

    I was going to pull the trigger and buy back this morning, but the price continued to edge up, so I held off.

    Then the news hit after the bell and I thanked my lucky stars that I didn't.... The one thing that has always been the most attractive thing on GRT was it's dividend.
    Yeah, even with the reduction they will still pay 10%, but then again Countrywide pays 11%, Bank of America, pfizer and many others pay 6-7%. So a few points dont make up for the fact that they took their First Dividend cut -EVER-...

    In almost 14 years they have never reduced their dividend..
    You think maybe things might be a little worse then just one bad quarter?

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