Ames National: Market's Overreaction To Dividend Cut Creates Opportunity (Rating Upgrade)

Ames National Corporation’s (NASDAQ: ATLO ) price has plunged ever since it became apparent that the company will have to cut its dividend. I’m not expecting any further dividend cuts as I’m expecting earnings to recover from here on out. I’m expecting theAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not ...