One #Fuzzy Concern One little…

One #Fuzzy Concern
One little thing that concerns me about hedged fuzzies that I wanted to throw out is the real possibility that we’ll start seeing a resurgence of special dividends with the new tax plan. Maybe not this quarter, but this year could be a big year like 2015-16 was for these things. Talk about a hedge killer! Companies on their conference calls are saying they have too much money on their balance sheets—so that means employee bonuses, share buybacks, debit recovery, raised dividends, acquisitions, and special dividends. The last one will catch us by surprise on hedges, ouch!