GREY:AVNDF - Post by User
Comment by
jacek99on Dec 21, 2012 1:51pm
267 Views
Post# 20762103
RE: RE: Avf
RE: RE: Avf I actually got into this because the dividend cut made the $0.035 seem sustainable. I heard a lot about the potential of Elbow River and how it could contribute to the bottom line. I really seemed to have a lot going for it. That's all gone.
Based on the details yesterday, they (execs) seem to feel this company is worth $3.32/share. Who knows, maybe them working from the inside know a lot of what we don't and will make it work.
At this point I want to take my chances and hold on for this deal to close, hoping to get $3.30 or so.
With the dividend that's expected, maybe the price will be there.