I have two questions, hoping this board can shed some light on it.Q1. Anyone explain the insider buying going on with $25 pps value. I am a bit confused regarding it.Q2. Did they cut the dividend or is that just a rumor? If so can you provide some color on it for me. They didn't mention that in the last CC as far as I recall.Thanks in advance.
the insiders bought the new preferred shares, not common stockthey did announce that the dividend will be cut at the next payment. that's why the Yahoo data still shows the old amount
Divie cut really stinks. This was already the biggest loser in my portfolio and then to add insult to injury the the divie gets cut. What a piece of dung. convince me otherwise.
I did read this thread.http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_F/threadview?m=te&bn=24440&tid=5021&mid=5021&tof=9&frt=1#5021