NOVEMBER 20, 2008 (Dow 7552, down 445) - The Second Great Dpression is on the table. The government can't let the large financial institutioins fail; must make sure the annuities and life insurance are there for beneficiaries; stabilize housing prices through tax credits for buying new homes; use TARP money to buy toxic mortgage securities from the banks; must back Fannie and Freddie bonds with an explicit guarantee to lower mortgage interest rates; modify existing mortgages so they are affordable; set up tax credits for hiring people to stabilize unemployment; provide debtor in possession (DIP) financing for the auto companies and guarantee their warranties; start a trillion dollar infrastructure program to put people to work and push the European Central Bank (ECB) and the Bank of China (BOC) to lower rates to 2.00% to reignite growth in their economies. THese actions may remove systemic risk and cause some of the money on the sidelines to buy riskier assets. Still like the quality high yielders (see recent recommendations). The SEC chairman is in the pocket of the short sellers.
hated stock is cheap - would be a buyer - see it substantially higher by year end
34.13
-8.99%
07/30/08
bullish - nice dividend
34.34
-8.43%
08/27/08
would buy it here and wait for improvement
34.71
-7.44%
10/27/08
stocks that have a high dividend yield and little overseas exposure are working - good place to be now
27.61
-26.37%
10/29/08
raised its dividend (now 6.1%) - its high cash flow makes it safe - would buy more if the stock drops to 28.30 (a 6.5% yield)
30.50
-18.67%
11/06/08
a buy when its yield hits 7%
29.25
-22.00%
11/07/08
has a 6.1% dividend yield - the Altel acquisition has been approved & will close in the next few months - that adds 11M wireless subscribers - last qtr was good - FIOS is "on fire" - text messaging will help drive growth - just raised the dividend - CEO interviewed: we will have 80M wireless subscribers after Altel closes - will have a better network - there will be savings for years to come - we will have teriffic future cash flow -see 8% earnings growth this year - growth of FIOS will be substantial over the next 10 years - video text messaging will be exciting going forward - Cramer says it has a safe dividend - the stock will get you through this period in the market
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