RE: RE: RE: Why the goodwill impairment charge ofRadamesb:
The one and only reason the dividend was a concern for me was those dividend funds. However, I also think that those funds are going to turn out to be among those who have been on the exit since Q2 results since those results already dropped the dividend most of the way and would have raised a lot of doubt about future dividends. Also, some of those funds could well be in the preferred shares to begin with -- I think. Correct me if I'm wrong but I'm not sure how to tell if the funds are holding commons versus preferred shares.
Bottom line, selling by dividend funds may turn out to be less of a worry than we think. There has been some significant volume that was more than just index re-shuffles. The 37 million shares a couple fridays back are an example -- you had anticipated that the TSX-300 move would involve about 8 millions shares yet there were 37 million traded that day.
I also feel that while the dividend funds are great to have around when things are stable, they are not going to do much to move the stock price. Conversely, maybe this is the point where the price is low enough and the bad news has been aired so that hedge funds and bottom feeders jump on the buy side.
Mark