danf

Point of No Return or Perfect Buying Opportunity?

Regarding BAC, the market seems to be pricing in a significant cut in the dividend. Yield at these prices is 9.4%. I would certainly buy that if I didn't think a 50% dividend cut is coming in the next quarter or 2.

Any thoughts out there on BAC dividend ? Maybe this is one of those difficult places where announcement of a dividend cut would actually be a catalyst for the stock to turn around