Couple of downgrades yesterday and today. Maybe waiting a bit is a good idea. But the dividend! ;)

Waiting a bit is not a bad idea.

I bought a little IBM after it took a hit after its earnings, it is trading closer to the lower end of the channel that has been in place for years.  The company is splitting up, it will become two companies:  Legacy stuff and Cloud.  It has a new CEO who will remain the CEO of the new IBM Cloud (remainds in the DOW) and the legacy stuff will be spun off into Kyndryl this Thursday before market opens.

It pays a 5.19% so you get paid while you wait for the Cloud business to gain traction.  But you have to consider that IBM has been a perennial loser. This is essentially reinventing the business, so it comes with risks.

I just checked and yes Wow is the word.  I don't know much about the mining sector, the P/S is 1.19 and P/B is 1.53, very low.  I am going to guess this is the norm for miners.  It certainly is a very capital intensive business and being in commodities I suppose it carries low multiples and low ratios.

One thing comes to mind though, high dividends can sometimes indicate trouble with the company and are often cut.

Then there is the government instability.  That said that yield is extremely attractive.