Tough economic times can mean hard decisions for businesses coping with diminished revenues and shrinking margins. When faced with adversity, CEOs must sometimes choose between paying expensive dividends and cutting or outright eliminating them in order to hoard precious cash.
I have been researching the stock market since the summer of 1991 when I bought 5 shares of my first employer Winn-Dixie Stores, Inc. Since then I have been hooked by the stock market bug. I also realized early on that a person can’t make an informed decision on share purchases without doing a certain amount of research. In the pre-internet era there were fewer ways for an individual to do in depth research. For example, you could order printed annual reports and SEC documents from a company’s investor relations department by phone or snail mail or you could consult the local library’s Value Line (NASDAQ: VALU) Investment Survey to analyze profitability and cash flow figures of a particular company of interest. Even to this day I occasionally enjoy going to the local library to peruse their pages for investment ideas, however in the age of the Internet the business model of printing a large tome of stock market data is becoming increasingly outdated when investors can research endless amounts of data for free and in the comforts of their own home.