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alvbr
1 Comment
Wachovia Joins the Club of Overpromising Financials [view article]
I read about a month ago that Wachovia had another year of writedowns and that it would have to raise capital to maintain itself. It also said that the dividend would be the last thing that would be altered. I own quite a bit of WB and am certainly disappointed that the dividend has been cut in their first strategy announcement of how their going to pull out of this mess. I bought WB at 58 and I can only hope that the dividend cut realizes an increase in stock price. signed, ALVBR Apr 16 02:08 PM