Posted on 02/19/2009 6:34:27 AM PST by Candor7
The bank of the buried mayonnaise jar looks better and better to me ...
Ping for watching where your money is!
That and your mattress with soothing cool-cash pillows would be relief from lost $leep of fractional-reserve nightmares
LOL! GRRRREAT graphic!
I agree about USB, I have been eyeing them and will probably consider buying them in April or May, assuming things stay relatively the same which they may not. If you have $100 a month to invest then buying 100 shares a month of their common stock would be easy, not to mention the dividend is very nice.
Citi is run by a bunch of incompetent fools. Pandit’s only achievement (besides being a college professor) was running Old Lane hedge fund, which Citi wrote off as worthless last year. However, Pandit did a great job groveling in front of Congress last week.
Ping
...Yep, but not so sure about filling it with American $$$$.
A bank-related ping of interest.
LOL! I love that animated gif. It would have been even better if every person had the words Stupid Liberal on their backs to identify them. ;)
Screw all those nationals, their service sucks anyhow.
Here I swear by First Tenn, Mid South, Wilson Cty bank, Pinnacle and Cedarstone
Well, that answers my question about the bank I use, Regions. Thanks for posting. Excellent GIF too!
Also, considering how these stocks get hammered every time Obama, Geithner, etc. open their mouths, do you expect the stock to have bottomed out now, and do you think they will continue to pay quarterly dividends of $1.70 (ish), or do you think they will be forced to cut that back?
Thanks.
LOL! sorry, yes you are right. 10 shares it is. Stocks haven’t gotten that hammered since last quarter and USB’s CEO is refusing to take anymore Fed money. From looking at their financial statements they look pretty good. That being said if BoA and CITI tumble then that could affect other banks stock price due to lack of confidence in that sector, but that would just mean they are cheaper to buy.
As to the dividend the yield is just under 14%, so if their revenue falls anymore this year then yes they might shave it some, but I think it would still be over a dollar a share. I am going to wait until after the 1st quarter ‘09 reports just to see how things are going. If you are investing based on dividend stocks then really you shouldn’t be concerned about the stock price other than the effect it has on your ability to accumulate more shares. What is important is number of shares and dividend disbursed. In the beginning you reinvest the dividends to accumulate more shares.
Has things bottomed out? I have know idea, maybe. If not does it really matter? I wouldn’t be investing money that I couldn’t afford to live without, meaning that I would be saving/investing other money in more conservative means.
This is my opinion and please take it with a grain a salt as I am by no means an expert. Do your own research and learn how to read the financial statements that are public information (Yahoo Finance and MSN Money Central are good places to go).
If you are an income investor, or becoming one, I might recommend to you a stock, symbol "O". They pay a MONTHLY dividend, have been increasing the amount of the monthly dividend 2 to 5 times per year for about 20 years now.
Check it out.
Pinnacle got closed here in Oregon.
different Pinnacle.
I’m in Nashville
Thanks I will, I am always looking for those types.
Realty Income correct? Wow I’m surprised that a REIT is able to have continued growth even last quarter. I looked briefly over the SEC filing and they have property all over, with a big chunk in my state. Do you think they will be able to continue this? Supposedly commercial real estate hasn’t hit the hard times, yet. I will definitely keep an eye on this. Is the 1.70 dividend paid out each month or is that the yearly amount, thus .1416 is paid out every month?
Thanks
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