took a bad hitBeen in Armtec for a long time, was paid a very nice dividend. This is a company that has fifty offices with more than 2000 employees, been around forever. I had quite a bit invested in this company, mainly because of it's stellar reputation and that nice dividend. They did a 50 million dollar raise a few months back, shortly after that they stated that their didvidend payout would remain at its current level until the end of 2011. Woke up a few weeks back to discover that they had CANCELLED their dividend, I owned it at $16.25, worth $3.85 today. It's one thing when you own a high risk position, you know that it's tricky, but this hurts big time, a class action is in the process. Sorry, but needed to vent.
https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn_overview.asp%3Fsymbol%3DT.ARF%26table%3DLIST