poor guidanceVery poor guidance from management here...
I bought into AIF about 2 months ago, at just under $12. Before buying, I called investor relations to confirm their dividend policy. I was assured that the company planned on paying a quarterly dividend of
.30 for the remainder of 2011.
Then, 2 months later...boom! Divvy cut in half.
Now I'm not expecting management to inform me of their plans, but you can see how this experience has left a bad taste in my mouth. I'm primarily an income investor, and bought this stock for the yield, near its then 52-wk low, hoping for some long-term capital gains as well. Now, I'm in for the long haul just to recover my capital.
You can't win them all.
gvixid