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Armour Residential (ARR) -1.5% premarket after cutting its monthly dividend to $0.07/share from...

Armour Residential (ARR) -1.5% premarket after cutting its monthly dividend to $0.07/share from $0.08. It's the 2nd cut in as many quarters. (PR)
Comments (5)
  • This may be said somewhat broken as I am not an writer, but my feelings are:
    If I were king, news would not be able to be broken except during market hours. This 'in the night' release of trading information is criminal.
    Again, things happen in the night when normal people are asleep and duped in the dark. The "traders" in the know are able to bail out with inside information. This is why I own few stocks and do not rely on them for income or growth. It is a crapshoot at best and it is terrible that we have to rely on such a criminally led organization for retirement income or attempts at honest investing. The ONLY way I have been able to increase my holdings is to be extremely wary and exit when possible ONLY due to having profits. I still say my precious metals are the only investment which has sustained a proper balance and growth over the long term. I have annuities, which I am activating today, and getting another single premium deferred annuity to kick in about three years from now. I am walking in a mine field any time I look for a stock, and usually, as my long record will show, most times, I do not stay in them long. This dividend cut is another story in the greed of those in charge. I go to bed, and without warning the game changes while I am sleeping and the normal person has to drink bitter coffee again. CIM is another story, and it goes on and on.
    Good luck and take profits when you can. Have a plan in mind to exit after a certain profit level is reached, and if a certain loss level is reached. With a lot luck, [for sure good thinking is not the answer] you may just grow a crop in this swamp.
    Usually, 'they' beat down a good stock, and as investors are selling, those in the know are the buyers, and as the last weak hand is shaken out, up goes the issue.
    It is survival of the fittest, and if you know that, and trade with that in mind, you have a slight edge. Also following a trend is another plan. Getting a fixed income such as an annuity is a great idea, just never annuitize it and leave the base for your family when you die, plan to use the fruit and keep the tree in the family after you die.

     

    Capt. Brian
    The Lost Navigator
    13 Mar 2013, 09:01 AM Reply Like
  • Pre-market trading and information releases prior to market openings are what keep the insiders wealthy. Stock used to be a rich man's game to begin with. Now that we all can play they have to find some way to abuse it to line the pockets of the rich.

     

    That said, anyone in ARR should have seen this coming months ago. You can't continue to pay out more than you earn. Unles you are the United States Government apparently. I dropped out of ARR late last year for all but $100 worth for curiosity's sake and I'm glad I did. Bring on the 3% yield blue chips!!!
    13 Mar 2013, 09:07 AM Reply Like
  • Well said, both of the above. The big boys who play this game live by greed. The SEC is a joke!
    13 Mar 2013, 10:11 AM Reply Like
  • Can't argue with or add to the above but also...12% paid monthly is still a good return compared to .5% or a blue chipper at 4% paying quarterly or semi-annually. Reducing a dividend reduces price which opens up future growth and a higher dividend. The cycle continues but what never changes for a solid company that adjusts to changing market conditions is - get in when others are panicking and get out when others are begging to get in. Doing that in 2009 would have been seen as crazy-risky with the sky-falling but in hindsight it looks like doing so was a smart move.
    13 Mar 2013, 02:31 PM Reply Like
  • i said to myself if the dividend is cut again ill sell and wont reconsider until it goes up again. and i did
    13 Mar 2013, 11:56 PM Reply Like
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