VET executives fiddle while VET burnsI have been emphasizing for months that VET executives have not recognized and responded to the changing business environment it operates under. This was the case before coronavirus and is more the case after. This is why they are always 4-5 moves behind.
I emphasized that the dividend was unsustainable and would be cut regardless of the CEO reassuring it wouldn’t. After the first cut I said it would be cut further to 1-2 cents per month but even that would be irresponsible. I couldn’t have been more spot on.
So what is VET doing still paying dividend? Are they resigned to the fact that VET is going under and to just ride it to oblivion? This is survival time. If VET can’t bring itself to suspend the dividend then what else can’t it bring itself to do? You better believe it’s competitors are making moves to survive.
As I’ve said over and over, the #1 goal of a business is to stay in business. VET executives don’t seem to get it even now. This is so unfortunate and sad. And it should give VET shareholders tremendous pause that an average guy like me knows and continuously knew better than VET executives. JMHO. GLTA.