Investing for Income: "Rentech: Growthy Action With Huge Payout"
It's not a good idea to buy a stock simply because it has a big dividend.
Yet, it makes no sense to avoid a stock because the dividend is hefty.
Look at the stock's fundamentals and chart action. Those two things will give you a sense of whether or not you should buy a stock. ( Read it all )
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Really--what's the worst that could happen?
The worst case scenario: your losses would be limited to the total amt of money you've invested.
Plus commissions...
(Unless, of course, you were also playing around with options-- in which case you might really be f*cked!!!
Someone will make/lose a bundle on this puppy. But it won't be me.
I hope it will be me
Actually I didn't buy it for income but rather mainly for the huge dividend. But it did have a nice pop today, Tues. Hope this continues...