Dear Mr. Berko: Last summer, I chose between buying 600 shares of AT&T at $38 and buying 500 shares of Verizon at $54. I bought Verizon, and it’s been straight down since, though the dividend was raised by 6 cents. Tell me why Verizon has collapsed and when you think it will come back to my purchase price, because I want to invest $25,000 in an electric utility my stockbroker recommended, FirstEnergy. Please tell me your opinion of this stock’s ability to provide long-term growth and income.
If you use a prepaid card — and millions of you do — take heed because there’s an effort in Congress to block new rules that would give you the kind of federal protections afforded to debit and credit card users.
It may take United Airlines years to overcome the public relations nightmare of a doctor being dragged off an overbooked flight by Chicago police. That one incident not only sparked costly litigation, but could well impact the company's bottom line and expansion plans.
Dear Mr. Berko: I bought 200 shares of United Continental Holdings last year at $76, and I’ve been behind the eight ball since. My broker wants me to keep the stock. I’m disappointed with it and inclined to sell. What is your thinking on this stock?
Dear Mr. Berko: Why has Stein Mart done so badly in the past 10 years? What is wrong with the company? Does it really yield 11 percent? My stockbroker suggested I buy 5,000 shares “because it’s a good gamble!”
They’re either a valuable financial tool for homeowners or a harbinger of trouble on the horizon: Cash-out refinancings, which were wildly popular during the housing boom years and contributed to the severity of the crash, are on the rise again.
Dear Mr. Berko: President Donald Trump will spend $639 billion on defense this fiscal year. In fact, he recently announced a $54 billion increase in defense spending, which is up $6 billion from 2016. The president announced that he’s committed to rebuilding our military, committed to improving our cybersecurity ability and committed to increasing our arsenal of planes and ships. What major defense stocks would you recommend to profit from this increased spending?
Dear Mr. Berko: One of the men I admire is Claes Fornell, whom I met at Duke University. He developed the American Customer Satisfaction Index, or ASCI, and also manages an exchange-traded fund by that name. He purchases companies for his ETF that have the highest customer satisfaction rate, using his patented algorithm to identify these stocks.