TSX:LIQ.DB.B - Post by User
Comment by
mercatoson Mar 09, 2016 8:49pm
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Post# 24641616
RE:Thoughts ??
RE:Thoughts ??I suspected this was going to be very bad. Crisis mode at LIQ. Suspend SAP install, staff reduction, div reduction, store opening reduction, margin% reduction, impairment charge of goodwill,
Stock will fall tomorrow to mid $6 for sure.
Im very dissapointed with LIQ. The should have moved forward with Div reduction when stock took big drop in Nov. Take advantage of the drop and get it over with.
On the bright side if your going to clean up the balance sheet, might as well do it all and cut deep, get se up for 2016. Do it once and do it hard. In 12 - 18 months most investors wont remember.
My plan is to exit rest of my position and come back in when new bottom for this stock is stable. Wont suprise me if it drops to $5,
Good luck all.