RE:RE:RE:4$woolco wrote: The insiders and major holders of Chesswood get alot of their value from the dividend. I don't see it clipped to zero for much longer.
Quite frankly the management was likely overly cautious in protecting the company in late March....as we all thought the Zombie Apocolypse was coming and their was a run on Toilet Paper.
We now know at least no zombies...and or mass hysteria...is going to happen...and its just about getting on with the business.
This companies reason for being is dividends. Expect a small one re-instated this year...and 75% of original value approx IMHO....by March next year.
Should get us back to the $8-$9 range with that....
In Canada ....company aid packages now good to summer 2021....so payments should be flowing from loans and leases now...as they to...have /see a path to bright.
Divy was cut bc it had to be due to financial covenants not bc they were being cautious. Divy all depends on loan loss provisions etc. Time will tell as usa economy not looking good but who knows...