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It's not something novel. Wherever you find a massive dividend yield, it necessarily intersects with a massive caveat. The main problem usually lies in understanding what the caveat is.

It's no different with the aptly named Intersections (INTX). Here, too, we are seeing a 9% dividend yield that comes with a significant warning.

So what's the warning?

First, we need to understand what INTX's main activity is: It's identity protection.

And how it is (or was) sold: It is (was) mainly marketed through financial institutions, as a subscription service that is (was) usually added to a financial product such as a credit card.

Now, why do I keep saying "was"? Therein lies the problem. Due to regulatory...

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