RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Offers remDon't get your knickers in a knot there. This isn't personal.
The argument so far is that the market has priced in a dividend cut. The market is always right. Therefore, it's only a matter of time before the dividend is cut.
The market said Nortel was going to the moon. The market is always right. Therefore, Nortel will go to the moon.
Another example... a while back, in the middle of the banking crisis, H&R REIT wanted to build a really tall building. The market said it was a credit crisis, and there was no way they'd be able to get the financing, and sent the shares down to under $5. They got the financing despite what the market said. The Bow tower is almost complete now, and H&R shares are around $20.
I'm not here to suggest that the dividend won't be cut. I'm not here to condone poor management. I'm not here to defend ill-advised acquisitions. All I'm suggesting is that the market isn't always right.
And now I'm not here any more... bye!
Maggie