Dividend Stocks In the News: July 31, 2008
Dividend Stocks In the News: July 31, 2008
(via www.dividends4life.com)
All in a matter of weeks we have gone from "the sky is falling" to dropping gas prices. People weren't happy before and they are not happy now. Is change and misery the only constants left in the world? Not from where I am sitting.
What are your thoughts on Dow Chemical?
Buffett has recently made a substantial investment in Dow Chemical in the form of a convertible bond with a $42 conversion price. It would seem that the current drop in oil price would benefit Dow Chemical immensely, yet Dow stock has not risen, and still sports a whopping 5%+ dividend yield. It seems to be a steal at this price. Am I missing something?