I am sitting on a position on FBC acquired at $20-21 & when dividend was .25/share. Dividend was cut recently. Stock seems to be stuck in the $14-16 range. I am wondering if I should by & sell with a 31-day cap, take a tax loss and established a lower cost basis position OR get out of FBC completely.
I like FBC. It's cheap from a historic viewpoint, and I love the dividend.It's also NOT popular which is great, at least so far.If you sell, why would you sell?Do you have news that you know about that would lead you to believe it's headed lower?
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