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Fire sale in FRP stockGS downgraded FRP from neutral to sell this AM as the merger was completed. Took the opportunity to pick up a few hundred shares at a bit over 8 as the herd headed over the cliff. Get 'em while they're hot. Even after the announced cut in the annual dividend to the $1.03 per share range, this works out to a yield of better than 12%. Z. |
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