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The board of directors of Weyerhaeuser Co. yesterday declared a sharply reduced dividend of 5 cents per share on the common stock of the corporation payable Aug. 31. This represents an 80 percent reduction of the lumber and forest giant’s previous pattern of dividends.”The economic outlook for our businesses continues to be challenged and uncertain,” said Dan Fulton, president and CEO. “We are .Weyerhaeuser sets dividend, closes plant (South Sound Business Examiner)
David Dreman Buys Microsemi Corp., Anworth Mortgage Asset Corp. . (Guru Focus)David Dreman , the renowned contrarian investor, had a forgetable 2008. His idea is “that we accumulate useful resources, such as crude for our strategic oil reserve. This would create new jobs, halt a deflationary spiral and give us some protection against the next international oil crisis.” David Dreman owns 297 stocks with a total value of $3.1 billion. This is his Q2 portfolio update. David .
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