some very sharp posters here - opinions about SP?have seen PEY SP fall from $40 to $ 9 is this "well run" falling knife. many posters here seem to really understand both the company and macro conditions that brought us here whereas i am just a retired guy who should have sold long ago.
where does SP go from here? any good reasons that downtrend may reverse next 1 year? CIBC now has a target of $12 dropping every quarter. It seems probable that a further divy cut must happen soon especially if yield increases much more. my personal opinion is sell into any dead cat bounce if we get a santa claus rally this year and hope for a frigid winter to complete my exit maybe $10-$11 thoughts please?