Re: Large Caps and ETFs
I was the one who mentioned JXN. They came to my attention because they issued an 8% preferred but I thought the common looked even better.(P/E of 2 and a 7% yield using 18% of earnings.) But yesterday they posted disappointing numbers with a negative revenue and drop in earnings which still covers the yield which is now 8% because of the stock price drop. I'm trying to decide whether to expand my small <1% position or just drop it and concentrate on the other priority for that account which is accumulating more SCHD.