GREY:GLUSF - Post by User
Comment by
porksnifferon Nov 15, 2018 9:52am
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Post# 28979139
RE:RE:RE:Market seems fishy last 2 days. Dividend cut??
RE:RE:RE:Market seems fishy last 2 days. Dividend cut??Warrior99 wrote:
Hmmm.. Dividend stays for now.
Just the plunge last 2 days was stunning, right into earnings report. Smelled like some inside job.
Was afraid that they do not pull the "CIX shareholder value shuffle" and do not slash it in half by similar bs cover.
I hope some analyst comes to senses and addresses SP level on the CC.
At such a low SP level, buy-out or any other "strategic review" should be on the table asap. (Smthg similar to Mawer that came out this week).
Yes, but payout ratio is now 100%, earnings the same as dividend. I don't know how longer they can sustain this. If the market doesn't recover shortly there is risk of a cut. Furthermore I certainly don't want to be taken over at the worst time for this company since the financial crisis 2009 unless it's for a very significant premium, which won't be coming in this market environment. It is at near 10 year lows yet it's AUM has doubled since 2009, seriously undervalued.