Jim Cramer Says Stay Away from This High-Yield Dividend Stock
"You said it right. They have been talking diversification for as long as I can remember. They came on the show once. They have an 8% yield. That means that something's very wrong. When you get a yield that's well above all the others, it's not good. I'm going to have to say X-nay Deluxe Corp (NYSE:DLX) . I wish they had been able to—one of the great growth stocks of the '80s."
While we acknowledge the potential of DLX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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Chicago Tribune
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'While harm certainly occurred, it was not the cataclysmic harm that can justify a nearly half billion-dollar award' to the state, Judges Dianne Renwick and Peter Moulton wrote in one of three opinions shaping the appeals court's ruling. They called the penalty 'an excessive fine that violates the Eighth Amendment of the United States Constitution.' Both were appointed by Democratic governors. Engoron's other punishments, upheld by the appeals court, have been on pause during Trump's appeal, and the president was able to hold off collection of the money by posting a $175 million bond. Donald Trump Jr. celebrated the decision by mocking James, who had periodically posted a running tally of the fraud penalty, with interest. Over a post from James in February 2024, when the tally was nearly $465 million, Trump Jr. wrote: 'I believe you mean $0.00. Thank you for your attention to this matter.' The five-judge panel, which split on the merits of the lawsuit and Engoron's fraud finding, dismissed the monetary penalty in its entirety while also leaving a pathway for an appeal to the state's highest court, the Court of Appeals. In the meantime, Trump and his co-defendants, the judges wrote, can seek to extend the pause to prevent any punishments from taking effect. While the Appellate Division dispatches most appeals in a few pages in a matter of weeks, the judges weighing Trump's case took nearly 11 months to rule after oral arguments last fall and issued 323 pages of concurring and dissenting opinions with no majority. Rather, some judges endorsed parts of their colleagues' findings while denouncing others, enabling the court to rule. Two judges wrote that they felt James' lawsuit was justifiable and that she had proven her case but the penalty was too severe. 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The Republican has repeatedly maintained the case and the verdict were political moves by James and Engoron, both Democrats. Trump's Justice Department has subpoenaed James for records related to the lawsuit, among other documents, as part of an investigation into whether she violated the president's civil rights. James' personal attorney Abbe D. Lowell has said investigating the fraud case is 'the most blatant and desperate example of this administration carrying out the president's political retribution campaign.' Trump and his lawyers said his financial statements weren't deceptive, since they came with disclaimers noting they weren't audited. The defense also noted bankers and insurers independently evaluated the numbers, and the loans were repaid. Despite such discrepancies as tripling the size of his Trump Tower penthouse, he said the financial statements were, if anything, lowball estimates of his fortune. During an appellate court hearing last September, Trump's lawyers argued that many of the case's allegations were too old and that James had misused a consumer protection law to sue Trump over private business transactions that were satisfactory to those involved. State attorneys said that while Trump insists no one was harmed by the financial statements, his exaggerations led lenders to make riskier loans and that honest borrowers lose out when others game their net worth numbers. The civil fraud case was just one of several legal obstacles for Trump as he campaigned, won and segued to a second term as president. On Jan. 10, he was sentenced in his criminal hush money case to what's known as an unconditional discharge, leaving his conviction on the books but sparing him jail, probation, a fine or other punishment. He is appealing the conviction. And in December, a federal appeals court upheld a jury's finding that Trump sexually abused writer E. 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