TSX:BTB.DB.G - Post by User
Comment by
svageron Sep 20, 2011 11:14am
232 Views
Post# 19061410
RE: RE: RE: RE: RE: RE: RE: Why Today's Selloff?
RE: RE: RE: RE: RE: RE: RE: Why Today's Selloff?Nobody said that they are happy with the stock price. If it jumps tomorrow to $100 no one will complaint. However it is unreasonable to expect company to raise dividends based on two good quarters. Also for the price to significantly appreciate (not talking here about economic performance here) company needs to show that it can control its debt and grow revenue. They have been doing this for the last 6 month. However for 3 years or there about they were a mess. Basically company needs to have a good track record which it just doesn't have. The other thing they need to do to move share price is to move to TSX but it is associated with higher costs. I don't know what the costs are or if the company can handle them.In my mind the sagging share price has to do with overall market uncertainty rather than with the company not doing well.All in all I am happy with collecting 10% dividend while company is continue to grow revenue.