RE:RE:back to a normal range I see the confusion in the double narrative I formed. Let me add context for these two points: 1) dividend cut, 2) currently interesting yield.
1) A dividend cut can come, but most of the damage has already been done and such a cut would not affect prices anywhere near what was already experienced in August. I believe a 2nd cut might already be priced in due to investors generally losing confidence in management, a selling off overdone imo due to yield chasers panic selling. My suspicion of a 2nd cut comes from the high possibility of the upcoming recession affecting real-estate profitability in the short-term. These are economic factors beyond the control of management, who now have a duty to hedge against the upcoming tumult. An investor who buys this play at market open this morning will win out long-term.
2) The quote about the ''currently interesting yield'' was my description of other investor's behaviours that have determined that this play was oversold under 4.50$. If no dividend cut happens, then they will win out long-term as proper investors. I have consistently kept my position that INO now has strong capital growth prospects and that this should trade well above 4.50$. Yield or no yield.
In both cases, I maintain that unitholders should expect to grow their investment long-term.