GREY:CWSAF - Post by User
Comment by
abuseddogon Jul 10, 2011 10:34pm
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Post# 18816313
RE: RE: RE: Quite the sell off
RE: RE: RE: Quite the sell off
it's getting pretty close to my low target price. Now it gets interesting for me. I think cwa will be able to lower the pay out ratio by not having to repay the purchase price of the eastern aquisition.
Roughly a 16 % div. Even if they can maintain this redline positon, a 16% is hard to ignore.
The market could also be saying they are assuming the downward trend will continue. if that is the case they could cut the div by 30% and still be north of 10%, it;s just a matter of how much will the share price be wacked.
might be time to put in a low ball bid and see what happens.