GREY:WONEF - Post by User
Post by
novnewon Feb 11, 2015 9:54am
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Post# 23417586
Dividend
DividendI, like many investors, held WEQ for the dividend. I have lost 50% of my capital in the stock and debentures.
The oil /gas corps have been forced to cut dividend because their reserves values have tanked with low energy prices. They are in financial torment because their debt is over leveraged and they are in jeopardy of defaulting on their covenants, interest , accounts payable and operating costs
WEQ is not in financial distress and cutting the dividend will tank the stock another 20-30% as investors who require the dividend will dump the stock (happened to LRE).