03-17-2020, 08:32 AM
(03-16-2020, 07:54 PM)fenders53 Wrote: Considering buying MO again. I got pushed out on a covered call some months back.
Just read BA credit rating was cut today to BBB. I suppose there is a whole lot more of that coming to the market soon.
Yeah, I don't think BA is something to buy other than speculatation at this point. I don't see how the dividend is maintained, and with airlines now asking for bailouts, you know plane order cancellations are coming too.
The same goes for airlines and autos. I read that auto sales are down 20% already, which is devastating for auto companies, as they don't have the margins to easily get over something like that. I know that 12% yield from F looks appealing, but when the dividend gets cut, what do you have left?