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WIN) is off 5% this afternoon, shoved lower thanks to an earnings miss. The firm earned 9 cents per share, while analysts' consensus estimate was 11 cents. That falls well short of the 25 cents that management has promised to pay investors in dividends, far from a strong sign that WIN's massive 12.3% dividend yield can remain tenable long-term.
In the nearer-term, the technicals don't look much better. Windream had been looking bullish thanks to an inverse head and shoulders pattern that's been building since back in February. But today's gap down on earnings broke the pattern before it had a chance to complete, scuttling WIN's chances of recapturing highs found at the start of this year. This stock doesn't look pretty right now.
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-- Written by Jonas Elmerraji in Baltimore.