Imagine if we had a bad q.It will be interesting to see if the dealers cut target prices with the share pull back.
Can you imagine if the co. had a poor quarter?
This will be a record year. The co share price deserved better, but, it a bear market.
The co. is producing considerable cash, and the co. talked about paying off the bank debt.
A 5.45% div rate should cushion further drops, but, I am pretty sure the charts indicate $11 is possible
target now that support was crushed today.
Mgt. was clear, they are on the sidelines re M and A activity near term.
I expect strong share repurchases and a continued div. payments.