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Strategies & Market Trends : Range Bound & Undervalued Quality Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (2008)	5/4/2000 8:17:00 PM
From: BWAC	Respond to of 5499

Larry, JCP cut their dividend in half recently. It would have been 16% or so believe it or not. If the company returns to a more normal valuation the dividend of course will be lower as a %. And one would think they could earn more $ as well. Their current earnings are supporting the current payout at this point. Who knows what they will do with the 20% (assumed) of Eckerd tracking stock that they spinoff? Current cash per share is over $4, more than enough for their operations. Market seems to like the ceo retiring/resigning or whatever. The dividend may not be secure. But it helps now. It may and could and should be cut if earnings do not improve.