TSX:CUS.DB.D - Post by User
Post by
Roxy27on Mar 08, 2014 8:42am
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Post# 22297849
$5.22 = 7% divi yield with 33% divi cut
$5.22 = 7% divi yield with 33% divi cutIt finally got to an attractive re-entry point for me as I believe a divi cut is the right move for mgm't and a good likelihood at YE reporting. I think the bankers are furious at a divi cut after getting assurances it wouldn't happen, hence the termination/resignation.
There is still a lot of risk around YE reporting, but barring any indication of fraud I will buy on further weakness.