Port of Tauranga Ltd T.POT

RE:RE:RE:RE:RE:RE:RE:RE:I wish they would just cut the dividend

[gillisr]

I think I am dumber after reading these posts....

Management focuses on negotiating new contracts, acquiring or divesting new properties, shutting down, scaling back or ramping up production in various parts of the world. They are focused on increasing margins, hiring and laying off in response to supply/demand dynamics of their main product (potash). They will look at earnings and decide how much/if they should pay a dividend based on whether they can afford it, they may have to decide if it is worth the risk of going into short term debt to sustain it (if potash demand is forecasted to rise based on future's).

What they don't do is stare at the yield to determine whether it should be cut, look at the stock price every 30 minutes and read the dumbass comments on stockhouse.

This is s cyclical commodity with high variance and good long term prospects. At some point within the next 4 years, there will be rumours of a poor upcoming growing season after supply has been slashed around the world and this will be touted by everyone as the place to be and the stock price will hit $60. 

All of the people reading this message though will miss it because they look at the tickers every hour and freak out about the stock dropping from $23-$21 while fretting about the possibility that it might drop from $21-$19 while writing doomsday scenarios to go along with it. When this stock hits $60, these same people will be complaining about the management of another company they bought and POT.TO won't even be on their radar anymore!