OTCPK:JENGQ - Post by User
Comment by
spazzmanon Oct 05, 2011 3:38pm
458 Views
Post# 19122611
RE: RE: Potential dividend cut ?
RE: RE: Potential dividend cut ? Why is the issue of a dividend cut even a concern? The company makes a profit and its payout ratio is .6x earnings. Yes they have US exposure, but its unlikely that these residential customers are going to change their
gas or electricity supplier. The high yield has to do more with 'Chicken Little' sellers. I don't expect JE to have stellar gains, certainly buying at these levels you can expect to see us back to pre-crisis levels ~$12-13. JMHO