RE: Even the talking heads on BNN know div is notthis is my take for quaterly report tomorrow.
Divident distribution will be chopped down to 5 cents per quater. Yes, the payout will be quarterly to save money on accountants and paperwork.
That would be round 20 cents annually on $2.0 stock and that makes it 10% yield.
I think everyone will be happy tomorrow.
That is a good scenario but I think the YLO management will be more frugal and they should be temporarily halt all the divident distribution until the 360 deg digital business can catch up and provide a decent cash flow to support distribution payout in the future such as 2013.
Eitherway it is going to be crazy tomorrow with the shortie and long time stock holder to duke it out on the share price tomorrow. Can anyone guess what the share price open / close tomorrow?
My take is
Open $1.86
Low $1.35
Closed $1.56
Good luck to both long and short.
Disclaimer: I am shorting on YLO.