GREY:CRIUF - Post by User
Comment by
Sadie222on Dec 30, 2018 10:05pm
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Post# 29170516
RE:Dividend cut not likely
RE:Dividend cut not likelyMaybe we’ll see what effect the DRIP has on cash flow.
fjctboot wrote: Last quarter they had over $4million of distributable cash. I add the losses on solar and figure in some minor margin improvement and reach the conclusion that the payout should come close to being covered this quarter. Cash and availability are about 30 million at the end of Q3 so if they need to borrow 2-3 million for the monthly distribution during the first quarter I believe the board will do it, just to keep their word to shareholders. Also nobody has discussed the fact that the banks just extended them new credit lines. I never knew bankers to make a loan without the deck being stacked in their favor. Crius will be fine and I conclude the stock will be above $4 American by the end of January. Regards to all fjctboot.