what gets me is the fact they are paying 6.4cent dividend which is a yield of 4%(@ $1.60) HALF yearly which is the highest dividend they have paid to date, yet the market butchers it 35%, if the company was in serious trouble would they be paying such a dividend?
Just watched shorters cover their FMG, doesnt take much to shake them out. I noticed that yesterday 500k BLY was shorted.
bought a few down here, may or may not hold overnight, see how she plays. Goto love that divi
BLY Price at posting:
$1.56 Sentiment: ST Buy Disclosure: Held
