GREY:CRIUF - Post by User
Comment by
Sunnyboyon Jan 24, 2019 6:02pm
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Post# 29278373
RE:Resistance Point
RE:Resistance PointDeisman, I am with you. I hope they did what they did to improve the cash flow so that by the time they have to pay the distribution in June the payout will again be below 100%. As indicated they expect it to go down to 57%. I expect 2018 financial statement to be terrible but hope that Q4 will show significant improvement and that Q1 2019 will actually show a payout below 100%. If so I believe RBC’s one year target of $9.00 is a real possibility. This would be an 85% total return based on today’s SP of $5.30.