Stop worrying about dividend, start worrying about survivalAnyone who has worked in industry/manufacturing or been an investor for any real amount of time has seen companies in similar situations go under. It happens all the time and it can happen fast.
When you consider VET’s deteriorating balance sheet, decreasing capex spending, aging assets, and worsening business environment making its assets worth even less, whether or not the dividend payout is cut is probably the least of shareholders concerns. The stock price is starting to reflect the real possibility VET is no longer a going concern within the next couple of years.
The market is sometimes wrong but is often right. And as I said, a company shifting from being a going concern to not being one can happen fast. Be careful VET investors.
JMHO. GLTA.