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As I thought, its four business days later and the stock has dropped from $29.50 to $23.80. That's a loss of about one-fifth in four business days from Cramer's buy recommendation. This is a bad time to be considering financials as an investment (January 2009).
Jan 12 18:33 pm
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All Comments by User 283977 »Cramer's Lightning Round - Cleaning Up with American Ecology (1/6/09) [View article]
I also wonder about the safety of that 5.7% dividend ... I suspect a dividend cut re-establishing the stocks historical dividend yield of 4.3%. A dividend yield that bankers are more inclined to approve.