OTCQX:GXOCF - Post by User
Post by
jerrybeon Jun 29, 2017 2:01pm
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Post# 26420570
Bailing out on GXO
Bailing out on GXOIt hurts me...and I got plenty of dividends but the price action is quite sad and frankly quite uncorrelated with oil...at this point, the firm should take this one private or drum up better its qualities. As it is, it sure feels like management is letting it sink to take it private on the cheap...tempted to wait for that to happen (and get the premium offered) but if oil does not cooperate, I could see this going down further, especially if they cut the dividend...which is likely if oil lingers around $45....