Cutting the dividend would not make the stock go up, but it would help them to pay for all the stuff they have purchased. Income investors would leave, who would take their place, not value or growth investors that's for sure.
Pik, Is it negative to state the facts? Some people call a stock that has gone down since they bought it months, quarters, or years ago a Dog. You must like that bear with all the meaningless comments. You know, Fuzzy Wuzzy.
Let him vent. There are times when I feel as he seems to. I think a lot of us are a little frustrated that this bank has not performed better over the last several months. However, things might pick up. the Atlantic Bank purchase was supposed to be accretive from the getgo happy fathers day to all
It is apparent that you are short the stock. If you were long, you would not be hanging around with your nonsense. It is your breed that makes this market work; however, you are "a day late and dollar short." The dividend at NYB will NOT be cut, *even if the earnings fall below 25 cents for one quarter.*
When the FED backs off; -- and it will happen -- this will create a rally. Buying the stock and collecting the dividend and receiving the money for coverd calls is a more prudent way of making a safe buck with about 18 percent returns. If some company comes along and wants to buy NYB for a premium, you better have some deep pockets. Moreover, you are paying our dividend, so thank you.
wrong i am a long...i had this at 35 and can kill myself for not selling...the time to short this stock is over.......the yeild curve cant can and worse and even this dog will stay flat to slightly up in the next six months.