As an income investor, it’s hard to forgive bad dividend stocks. While some can be bad for their fundamentals, the biggest sin of a dividend stock is when they reduce or even eliminate the payout. Why should you be concerned about that? Companies don’t take the step of cutting a dividend lightly, because Wall Street’s reaction can be pretty severe. Companies that cut their dividend are usually in some financial distress or have made some pretty serious management miscalculations. This is a brigh
PacWest Bancorp (NASDAQ:PACW) was hit hard by this year’s regional bank crisis, but many investors are nonetheless curious about buying PACW stock. Most of the curiosity comes from a pending merger deal with another regional bank, Banc of California (NYSE:BANC). Per the terms of this deal, PACW investors will receive consideration at a premium to the stock’s current trading price (around $7.50 per share). Don’t assume that this is a low or no-risk way to eke out a small gain. Investors buying to
In this article, we will take a look at how Michael Burry is shorting the market and selling these 10 stocks. To see more such companies, go directly to Michael Burry is Shorting the Market (Again) and Selling these 5 Stocks. The “Big Short” investor Michael Burry is back in the headlines after his hedge […]