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Old 12-10-2007, 03:11 PM   #21
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OK, so look, Washingtion Mutual slashed its dividend by a mere 73%. It's a good thing I don't follow my own logic(?) when it comes to investing. Remember: "Don't chase yield."

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Old 12-10-2007, 05:49 PM   #22
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I must say WM paying a 3% yield (based on it new $.15/quarter rate) looks a lot less interesting than 12% lol. However, if drops to $12 where it is yielding 5% I think starts to look like a value. Of course, I haven't even peaked at the balance sheet so don't take my word.

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Old 12-11-2007, 10:05 AM   #23
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It hasn't been priced yet, but the convertible preferred WM plans to issue might be an interesting way to play it and still collect a good dividend while waiting.
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Old 12-14-2007, 07:25 PM   #24
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I would think that buying high dividend stocks is not for the greedy but the conservative. A good strategy (my opinion) is to find a stock that has historically paid a steady dividend but is temporarily down and buy at that time to lock in a high dividend. As has been pointed out there are a few out there now. If WaMu and Bank of America, etc. and other banks all go down the tubes you are going to have more to worry about than dividend yields.

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