TSX:CHE.DB.E - Post by User
Comment by
GregC24on Aug 29, 2022 11:35am
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RE:RE:RE:RE:RE:RE:GregC24's post 2 weeks before the distribution cut
RE:RE:RE:RE:RE:RE:GregC24's post 2 weeks before the distribution cutI know why. A worldwide pandemic happened shutting down economies world wide. Fortunately they were able to keep a distribution unlike many companies who were unexpectantly forced to cut their entire distributions. Some of those companies where: Ford, Boeing, Occidental Petroleum, Delta and on and on. In fact shortly following CHE's announcement in March of 2020, almost 22% of all dividend paying firms in the US either cut or eliminated their dividends in the second quarter of 2020. Royal Dutch Shell cut its dividend for the first time since WWII. So CHE was hardly alone in having to make this adjustment.
Why is all of your investing advice is from things that happened 2+ years ago? Do you not invest in stocks based on the current world environment but solely based on backward looking evaluations?
Kherson wrote: Greg, you have stated that the Guidance on the 10 cent distribution turned out to be wrong? You need to ask yourself why? At the very least, management should have known that their 10 cent distribution was not sustainable long before they stated that it was sustainable, which we all now know turned out to be a falsehood.
Kherson