bzer

Dividend Cuts: Time to Sell?

Seems more like he's bragging about "great sells." Due diligence reveals these things beforehand. I bet he sold all of these at a loss, while paying taxes on the dividends along the way.

Doing your homework is much better than any "sell when [blank]" system ever will be. The reference to buying BAC back after 30 days, while it probably will be a good trade, is just that - a trade. A lower stock price allows you to average down.

Also, I wouldn't count SFI out for a turn-around. Maybe they weren't wrong about buying distressed debt, just early.