Ten Top Value Traps with Unreasonably High Dividends [View article]
I disagree with the conclusion of this article.
Take PWE for example. It has dropped in value by 60% over the last year. But it has a dividend yield of 28%, a price-to-book ratio of 0.6 and price-to-earnings 4.5.
Since when is a company with these statistics a bad company to invest in ???? I take PWE over most companies out there anyday. >>>A 28% dividend while I am waiting for a nice capital gain when oil prices recover.
Ten Top Value Traps with Unreasonably High Dividends [View article]
Take PWE for example. It has dropped in value by 60% over the last year.
But it has a dividend yield of 28%, a price-to-book ratio of 0.6 and price-to-earnings 4.5.
Since when is a company with these statistics a bad company to invest in ???? I take PWE over most companies out there anyday.
>>>A 28% dividend while I am waiting for a nice capital gain when oil prices recover.