The following video is part of our "Motley Fool Conversations" series, in which consumer-goods editor and analyst Austin Smith and industrials editor/analyst Brendan Byrnes discuss topics around the investing world.

In today's edition, Austin and Brendan talk about two dividend stocks the market loves to hate: Safeway (NYSE: SWY) and Frontier Communication (NYSE: FTR). These two companies have a high level of shares held in short. Austin agrees with the short case against Frontier and believes that its business model is inherently weak in the long run. However, the Safeway short interest doesn't seem justified to him. Despite Frontier Communications' high dividend yield, he's recommending investors look elsewhere today and aim for a wireless telecom play instead.

Austin Smith, Brendan Byrnes, and The Motley Fool has no positions in the stocks mentioned above. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.