11-30-2018, 09:34 AM
(11-30-2018, 01:48 AM)dhcruz67 Wrote: It’s been over a year that I looked into the company but one of the great things that happened this year was the acquisition of Shellpoint managing partners, a national mortgage lender, which will boost the revenues and save the company money. I truly believe it is a solid company and even if at some point the dividend goes down a little, it’s still making me more short term money now that I can invest.
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Stocks that cut their dividend get taken behind the woodshed for a beating. 50% dip is not uncommon and it can take 5+ years for a full recovery. That is why most of us here avoid the situation if we can. The balance sheet is very important long-term.