Getting over this Fiasco called Harris and Dividend wipeout!Firstly we will never know the reason Harris is gone. It is called confidentiality agreement. They wont even tell if it is personal or professional incompetence. Get over it, Harris got a golden handshake, is sitting in Barbados for a month or two and then looking for a new job in aerospace industry.
Secondly if ALA drops the dividend below $1.44 to $1.56 per share and a thorough plan to maintain or grow the Dividend for the next three years all He!! will break out in the share price. FFO of 1 Billion in 2019 will support such a dividend. Did not the present CEO Cornhill say he supports a 60% payout of FFO edging down to %50?
I understand the need to pay down debt to allow for increased borrowing going forward but growth needs to have a 3 year plan and not speeding down a slippery slope.
The only people looking for a 50% cut are people who have bought under $20 per share and hoping for the stock price to drop so they can scoop more shares on the cheap.