Wells Fargo dividend increase is a deception

Question

The recent increase in dividends by Wells fargo is a deception designed to lead investors to believe that everything is OK. Don&#x27;t believe it . Use this rally to dump your positions if you own it. I have seen this ploy many times. Do not be deceived they have big problems

mikey22222 · Answer

The recent increase in dividends by Wells fargo is a deception designed to lead investors to believe that everything is OK. Don&#x27;t believe it . Use this rally to dump your positions if you own it. I have seen this ploy many times. Do not be deceived they have big problems

wallstreetcappers · Answer

A deception in what way? Are you saying it is a TRAP to lure in investors or was the divi not legit?I think you are saying it is a trap to lure investors right?

mikey22222 · Answer

I am saying they are trying to tell you everything is OK by raining the dividend. This makes their stock look cheap. I am saying that the bad news is yet to come and before it is over they will have no dividend

wallstreetcappers · Answer

After looking at their balance sheet I would say they are heavily leveraged.If you think they are in major trouble then I would go after a bigger fish, one with more meat on it..like Goldman.

mikey22222 · Answer

Capper  Yes they are and we are in an environment that will punish leverage. Doesnt it seem funny that such a leveraged company would raise its dividend when their customers are blowing up... Yeah Goldman is a short to

wallstreetcappers · Answer

I dont know the degree of RISK that Wells loan portfolio has. I highly doubt they did many toxic ARM or ALT-A loans, they seem quite conservative. I do expect they have exposure to Calif and the SW which have been in trouble, and I would be shocked if they were too invested in CDO's etc.

KOAJ · Answer

boombustblog.comexcellent read

Wells Fargo dividend increase is a deception

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