08-24-2018, 09:11 AM
(08-23-2018, 08:04 PM)DividendGarden Wrote:(08-23-2018, 10:23 AM)divmenow Wrote: Anyone own LB stock? Getting interesting at this $28 level as long as they don't cut the dividend. But then again they can't seem to get it right!!
Yep, I've owned for years and I keep getting frustrated with them. I didn't agree with exiting swimwear and catalog sales. Seemed like a huge strategic blunder.
A 113% debt/cap and junk BB+ credit rating kept from ever being too interested in the company.
Has an 87% payout ratio on forward EPS estimates of $2.75. Wouldn't be too surprised if there was a dividend cut in LB's future.