I understand that if you buy a stock on or after the ex date you wont receive the dividend.
But as the stock will drop on the ex date, Is this not an excellent opportunity to buy the stock at a discount and then sell after it rebounds?
I understand it may not rebound but its a good chance it only temporarily devalued due to the dividend being taken out?
Not many articles seem to discuss this, they just focus on needing to time it to get the dividend, but what about exploiting the lower stock price?
UPDATE - So alternatively is there opportunity in purchasing stock as soon as a dividend is announced and selling before the ex date. Again missing the dividend but riding the upward stock price?