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Wednesday, August 20, 2008
Advanta should cut dividend: analyst
     Advanta can "meet near-term operating needs", but with defaults rising over 10 percent and delinquencies also higher, the Spring House business credit card lender could find it tough to sell loan securities in the future, and should cut its dividend, says Friedman, Billings, Ramsey & Co. analyst Scott Valentin, citing new Advanta data. FBR trades Advanta stock on Nasdaq. Valentin's report here.
Posted by Joseph N. DiStefano @ 2:57 PM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column, which is printed in the business pages of The Philadelphia Inquirer every Sunday, Tuesday, Wednesday, Thursday and Friday. Joe has worked at the Inquirer, mostly, since 1988. He has also written for Bloomberg and Gannett, authored the book Comcasted, majored in economics at Penn, and fathered six children. Reach Joe at 215-854-5194 and JoeD@phillynews.com

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