Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.890

+0.5%

3:59 PM EST

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To: refugee investor who wrote (310)	4/7/2010 6:28:56 AM
From: Italian Investor	Read Replies (1) of 1366

Dr. Ed (oh how I wish he'd come back!) used to say that when a company cut it's dividend, it was a sign to buy. I think that's the case here. I remember the day FCX cut their dividend, it fell to $17. It's now over $80. That's a heck of a return. Selling stocks that cut their dividend, as many dividend mutual funds are required to do, is a horrible strategy. I had initially included WFMI at $14 but they had just cut their dividend so I replaced it with something else. It would have been the 2nd best performing stock in the portfolio. I have been trying to buy Canadian Trusts that cut there dividends. VFF.to and TI-UN.TO are examples. I think these companies have a lot of potential. There is always a nice sell off when the dividend cut anouncment comes up. I do not think it is a bad idea in using that cash to sure up the business @ all. These 2 companies payed out dividends over 10%. I look @ the Canadian 52 week low list daily to see if there are any big losers that went down just because they reduced there dividend or cut it totally.

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