[regular readers: this originally appeared last week and I'm just correcting some bad coding, sorry for any confusion]

Can you really buy McDonald’s or Coca Cola for “pennies a share?”

Leaving aside the fact that “pennies a share” means nothing, of course (with enough pennies, you could easily pick up some of Steve Sjuggerud’s favorite St. Gaudens Double Eagles — though 100,000 pennies would put some stress on your pants pockets).

I’ve heard from many of you about the new teaser circulating for the Dividend Grabber service from Stansberry and Associates for so-called “500-B shares” so let’s take a look at it. You may have seen this as 500b or 500-B, or seen them called stocks or shares, but it doesn’t really matter (they just made the term up, as far as I can tell).

The teaser is from Sean Goldsmith, who I guess is the editor of the S&A Dividend Grabber these days. Those of you who’ve been around Gumshoedom for a while know that I’m not all that crazy about these dividend grabbing strategies as the basis for a portfolio, though they can occasionally work over the long run as long as you’re not just “buying the dividend.”

In the past I’ve heard from several readers who were frustrated Read the rest of this entry »