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BGC Partners, Inc. Message Board

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  • ben1bam91 ben1bam91 Nov 21, 2011 2:57 PM Flag

    Just touted

    Dividend Channel is always extremely light on facts in their articles, and that's clearly also the case in the blurb you point to.

    They make no mention of why it's a good stock/company to own, merely pointing out the dividend rate and what Weis purchased at.

    I believe the only reason anyone points to this stock is because of the dividend yield - yet they did the same at every price all the way back to $10. I think the current stock price is a reflection of the fact that more people are aware that just because a stock pays a hefty dividend, even in a low interest rate environment, is no reason to rush out and buy it. Those folks who were astounded and buying at $7, $8, $9, and $10 won't be seeing a profitable position for quite some time - even sitting back collecting 10%+.

    This company has problems. The outsized dividend is there simply for Howard/Cantor to be sucking it dry. I don't see any other reason. It's not as though BGCP is sitting on a cash hoard - they took loans to get their current cash position. They are paying dividends out of loans.

    I see things getting worse here. Buying up others' trash is generally not a good way to utilize your money - most people know "you get what you pay for".

 
BGCP
8.74-0.10(-1.13%)Dec 19 4:00 PMEST

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