That is utterly asinine....and shows just how DELUDED the Street is about the relative risks here. Who ever heard of a DIVIDEND PAYING stock, trading over $5, that is not marginable.Curious what the other brokers are doing. Can anyone chime in with what the policy is at Schwab, Merrill, Etrade, Ameritrade, etc., on marginability of GCI?
I use ETrade and bought GCI on margin last month when it was 3.95/sh.
I noticed the same thing and didn't understand it either.