Why cut the dividend now?Just took closer look at financials. They are fine to pay dividend. Only reason I see to cut it is to antagonize your biggest B shareholder and that is Prem Watsa who owns 40 percent of the stock. He cant be too happy especially when the financials do not signal that a cut is warranted.
$52 million in cash to end the quarter and $18 million cash provided by operating activities from the Cash Flow statement. Dont see were the pressure is to cut the dividend other than to upset Watsa who is the biggest holder at 40 percent. Wonder if they called him to let him know.