Even if they cut the dividend
Even if they cut the dividend by 50% at these prices you'd still be making over 7%. Although they've said they are not cutting multiple times the market seems to have priced in a 60-70% cut in the dividend. This company has positive EPS and at a 17-20 PE should likely trade around $50. Even just a 10 PE here is a juicy return. Yet the market keeps slamming it like there's no value here. My mouth is watering for a buy here. If the market stupidity continues here I'd likely take a shot at this one even before a possible dividend cut. Half position before other half on dividend cut freakout say if it ever comes. Gl