RE:RE:RE:RE:Record LowInfirstmoney wrote: Listen, it is still a very good cash flow business, but yes they need to be very proactive and cut the divvy a big whack. Still pay a nice divvy monthly but focus on debt reduction and adding value added services and partnerships. Otherwise this stock will trade all the way down to nothing. If they cut it only a little, the street will not go for it. A 50 percent cut already priced in.
Cut the dividend to do what? How will the company spend the money? It already cannot spend the money it makes fast enough, Should it cut dividend 75% to repay all of its debt? Why? It can borrow at 3% interest if it wants to, no pressure to repay those debts anytime soon.
As for ATM dying - this is simply not true. ATM numbers are growing, while volume is stabilizing. The problem right now is cutting on G&A and costs to boost margins. The Australia acquisition isn't paying dividends for some reason.