RE:RE:RE:pretty depressing press releaseRead the MD&A buddy. This is FAR from being a no-brainer. It's a bankster/broker play. There's that little IFRS thing in early 2018 as well.... You'd figure if this was a no-brainer, there would be more insider buying than selling in the $3s.
And scumbag bankers were peddling this thing at $6.50 last year with phony target price to boot!
I wouldn't recommend my "buy and hold" buddies put anything but speculative money here.... Although spec money here isn't a bad bet at low $3s... Half price than BS offering last year from well-known scumbag banksters!!!!!!!
I see a pop, crash, pop, crash but I'm just starting to look at this play seriously. Buddy JD is here, let's see what that 2bit is up to! LOL Maybe he'll come clean for once... LOL Yeah, RIGHT!!!! For all we know he might be part of National Bozos... We'd have to follow the stench into the sewer system... LOL
geeseman wrote: It could hit a new low but at some point investors will buy it for the yield. At $3.50, based on the current distribution, the yield of 12 percent. GXO does have sufficient cash flow to pay this dividend and has said it is sustainable based on current operations.
If the stock drops, the yield goes up...would be great to borrow money at 4 percent and buy GXO at a monthly yield of over 12 percent. No brainer.
GEESEMAN