This ETF Pays Dividends
Last week, I suggested that Real Money Pro subscribers trim back several positions that I had recommended in these pages as well as exit any positions in Inter Parfums (IPAR) entirely. Inter Parfums did report good earnings results last night for its fourth-quarter and reiterated its $0.90-$0.92 per-share forecast for 2013, but with the stock trading at 27x those earnings, the shares are hardly a steal.
The question becomes what to do with that cash as the Dow Jones Industrial Average continues to set new highs and the S&P 500 is not far behind from setting a new all-time high. Opportunities are out there but the run in the market has made them less than abundant....346 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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