RE:If someone still think dividend is safeA dividend cut should come as no surprise though I'm not predicting that. A yield of 9% is usually a sign that a cut is coming. At the current price a cut is baked in.
Balance sheet is solid with debt/equity only .26, cash flow per share C$2,24 (TTM) P/CF at 2.95. Forecast earnings this year C$.20/share but they've missed estimates twice over the last 4 quarters. Starting a small position here shold pay off with a view to buying more on weakness.