RE: 1.2 BILLION DEBT MUST BE PAID WITH 3 YEARat .02 cent you looking at 6-7% yield going forward inline with the average divi payers
when the 3 cent divi cut gets announce you will see 1.50-1.70 per share
At 2 cents a month (24 cents a year) at today's prices that would be a yield of 10%. A yield of 7% puts the share price at $3.42. You then say the share price will drop to $1.50-1.70 if there is a dividend cut. That puts the yield at roughly 15%. So which is it? Obviously all you want to do is spew negative comments. You can't even take the time to see if your statements support each other. No wonder you have no credibility.
I do agree that there will likely be a dividend cut and it will likely be half of what it is today. It will probably come at the beginning of 2012. When it does come the share price will likely climb. A win win for anyone who buys today. Needless to say, there is always the possibility of further price declines in the interim.
Cheers.