RE:RE:RE:Chorus
Maybe your valuation skills suck too
Your $2 valuation in 2021 is completely arbitrary. What if the new deal in 2021 means they cut the dividend in half - but they renew for 10 yrs? Then investors decide the dividend is secure, put a more reasonable 6% yield to it, and the stock should still trade in around here. The only thing certain is that with a yield over 12%, the market is already pricing in a cut at some point. And what about all the cash they generate for the next 7 years in excess of the 45c div?