RE:RE:RE:RE:RE:RE:wynner: RE $97mm dividend being DUMBwynner wrote: $25 now . Where does it go ? Who needs to buy?
Too high for me to buy now.
Well that's a big kick in the wallet.
I exited at $19.
This could be value investors scooping up shares but my guess would be WFC is preparing for a raise of capital.
$25 shares gonna be issued to cover the debts created from the $3 dividend?
Time will tell.
Wynner, good call. You nailed this.