TSX:CUS.DB.D - Post by User
Comment by
hawk35on Jan 14, 2014 7:33pm
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Post# 22091431
RE:Dividend nows needs to be Eliminated
RE:Dividend nows needs to be Eliminated
End of last quarter the net debt was 461 million. It's now gonna be north of 550 million with this new revelation. Street is gonna hate this especially since they already told us cash flow won't fund the divident until late 2014. And now management has three strikes against them: 1) unable to manage project dates when they missed the original target date. 2) can't execute a plan shown by the 40% overrun in costs and 3) treat shareholders with lack of respect by not revealing the cost overrun when the original target date was missed earlier last year.