GREY:SGLRF - Post by User
Comment by
konzelmannon Nov 18, 2014 9:55am
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Post# 23139303
RE:House of shame nominees___ John and Tom
RE:House of shame nominees___ John and Tom
IMO they should cut the dividend to zero at this point until they have things under control. Short-term pain for the preservation of the company. Or else, SGL is probably doomed. Things have been so bad, cutting the dividend repeatedly isn't any better than just cutting it all together. And if they find that things come together well, see where the share price lands a year from now and bring back a reasonable dividend with a yield that actually makes sense based on where-ever production is after asset sales, and where-ever the stock price is.