2 yen wrote:It's time to start seriously discussing the coming dividend cuts. On the top of my list now is COS. Real estate is likely to cut, REI.UN, CUF.UN, FCR.
Sorry to hear that retirement may be delayed for you.The impact of the current meltdown is mainly intellectual for me. Part of my retirement plan is not to retire unless I absolutely have to. I enjoy working. Most people think I'm crazy.
Just two comments on your post. From my armchair and without having checked, I don't see why the distributions of REITs would be affected all that much by the meltdown. Mainly they rent property which seems like a sustainable business under most circumstances. The main problem I've heard about is the inability to receive short-term funding, but presumably that problem should disappear as credit unfreezes.
I looked at COS, and even under normal circumstances (ie. ex oil price bust), the numbers are just too erratic to make it of much interest. I think I'd play oil through the majors. If you are collecting yen pay cheques, U.S. Exxon, CVX, and Conoco might rebound very nicely and have the cash to pay current dividends.