(07-06-2020, 11:19 AM)stockguru Wrote: D is down $9 now. That's a bit extreme isn't it lol
I added a new position in SYY this morning.
Maybe a bit; but keep this is mind. Since D cut their dividend, [color=#26282a]To yield 4%, it would need to get to 62.50. So it may have more downside. As I said yesterday it was a sell. I expected it down $5-6 but not $9. Investors are telling you they hate the news. It's dead money now. Better opportunities out there in the sector now.
I'm curious to hear if Eric got out of D and where he put the proceeds??