TSX:GMP.PR.C - Post by User
Post by
DTM5on May 17, 2012 11:32am
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Post# 19920717
On the way down
On the way down At $4 per hsare GMP would have a 5% dividend. That seems the logical place for it to end up. Larger, profitable firms have 5-6% dividends. This has serious upside potential when thier business picks back up - But with all going on in Europe and the uncertainty in the markets, this could take awhile. I sold as soon as they announced the dividend cut. Hope to buy back in at a much better valuation.