GREY:TBTEF - Post by User
Comment by
pm1231on Nov 28, 2014 1:26pm
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Post# 23174574
RE:RE:RE:RE:My Latest Article From Seeking Alpha - Twin Butte
RE:RE:RE:RE:My Latest Article From Seeking Alpha - Twin Buttekonzelmann wrote:
I agree again with your logic. I agree that they won't be so quick to cut the dividend when they don't even have to. They're already in a better position than most of their peers. Personally, I'd appreciate the additional safety net of knowing there was an extra $20 million cash going into the bank to help maintain capex, but that's just me. I know a reduction in the dividend usually pisses people off and stocks get punished far more than they should considering that those dividend cuts usually help the company substantially compared to where they'd be if they didn't cut. But TBE certainly isn't in a position where they have to cut, where as others definitely are.
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If it's any consolation - i've purchased 30% of today's volume, and will continue to do so each day this drops.
Good luck.