I think he was referring to the sometime occurrence that right after dividend time, stocks sink more than the dividend. The drop can be irrational and strictly based on selling in a thinly traded stock.
NBG-PA's dividend rate is irrational even now at 10% versus many BBB rated bonds trading at 7%-8% yields. Not to mention dividend tax rates vs interest if the bush tax cuts stay.
I'm buying more at time goes by.
Why should it dive? The dividend is safe and NBG holds a lot less toxic Greek government debt than a lot of German banks do. The krauts should worry a lot more than NBG preferred shareholders.
yes, i got out of rbs when i could not figure out what they were saying about which.
i also have allianz, DB, WFC. have tried to buy stl, but it is too thin.
i had sfi, but flinched, sold the pfd, and bought the bonds.
lot of things, with not too much money.
I did not realize you owned NBG. I, like you,hold a bunch of different preferred issues. I have Ing, aev, bac, rbs (which I know you used to have but do not any longer, I think I remember you posting around this time last year when alot of these got killed as a result of the Fitch downgrade.
It is in my Trading Direct account, but like you not in my Scottrade account. Scottrade is slower to post than Trading Direct and charges 2X the margin interest. That's why I'm slowly moving some of my accounts to Trading Direct.