crazy high yielder. is the Quarter really that bad that BGCP is hitting new 52 week lows after they continue to pay their dividend? 17 cents a share earnings and dividend meeting the consensus.
They are giving us back our own money. Some of the 17 cents is "return of capital" So Yahoo may show a lower yield because they back out ROC.Disclosure: I'm no basher, having just bought BGCP this week. :-(
Might as well accept the notion that this falling anvil is on the way to its 2009 low at a minimum. Short sellers are coming out of the woodwork to gang up on this easy money trade.
So --- this still looks good to you? Kinda spooky!