RE:RE:Dividend Cut of 30% for ALA makes HappyHere's the problem I have with all these mussings about the dividend.
1) RBC and others on this site say assets are solid and the have the cash to sustain the current divy, if necessary. The issue appears are they committed to a future growth strategy an how it should be carrried out. The diffences in divy paid between 30 and 50% cut is $118m/yr. Some on this site say that this difference spells disaster and all hell will breakout if a 50% cut is not declared. Look - a $118m difference is peanuts and is if this amount results in a crash to share price, then much larger issues exist which RBC andmany say is not the case.
2) OPEX are significantly being reduced and CAPEX is srategically being deferred. This not new to many takovers, in the short term. I and many friends and colligues have have experences Mega takeovers such as this. The scenario is the same for the first year-reduce both OPEX and CAPEX to only neccessities. ALA will be no different.
2) As many have said on this board, "ALA has many balls in the air at this time" - I only wish that it stops feeling that they are mine!!