RE:They are not reducing the dividends, that is simply false!catcat wrote:
I need to jump in here because I am fed up with all the false information posted on this site.
There is no reason the dividends should be reduced. Only short sellers here appear to talk about a dividend cut to scare investors. Shame on you! You traders are the scum of the financial markets with no purpose at all. Short selling should be banned, most of you would be looking for real work instead of ripping off hard working Canadians.
If they reduce the dividend because of the Air Canada mind games, I will lead a grassroot effort to deal with that. I would be interested in teaming up with fellow investors on this. I've also contacted Karen at Investment Relations. There are absolutely no signs of the dividends being touched. They cannot do it this quarter and all indications is that will stay at the historic trend of 20 cent. I get the sense they might drop it to 19 cents but that is all.
The dividends are tied to free cash flow, not share price. I am a long time holder with initial costs above $10 per share, the dividends on those shares are still around 8% which is why I own this stock. There is no basis for lowering the dividends. That's just short selling basher talk!
Shame on you for you people posting false information. Securities Regulators should do a sweep of the lowlifes here. That's who I'm calling next!
They are out of their minds to NOT cut the dividend to ZERO in order to preserve any repayment owed to the debt holders, PERIOD. It's BASIC MATH.
Cutting the dividend now, to zero, would actually boost the stock back over $3, so bagholder "ProTrader" can dump his paper at breakeven.