TSX:CUS.DB.D - Post by User
Post by
allyz123on Mar 12, 2014 11:24am
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Post# 22313436
canexus dividend
canexus dividendRe: canexus dividend
I think it is pretty clear that a dividend cut is inevitible. firstly they have not announced a dividend which is not normal ,especially since a dividend is normally due on March 26th. It is just a matter of how much they will cut. My opinion is to expect at least 50%.
Further support for this scenario is that the insider sales of the CFO ,former CEO and directors has amounted to $3515613.00. Not exactly a confidence booster.
I own a large position in this stock and regret doubling up on it . Ill wait and see the results coming up in two days. They are vulnerable to under capacity , delays in execution, cost over runs and competition from pipelines and definitely a lack of transperency and poor communication with shareholders. A perfect storm and the stock might sink close to $4.00 before we see a POSSIBLE rebound . I hope there will be a silver lining in their upcoming report.