RE:RE:RE:RE:RE:TSX Composite Up 0.2% This MorningYodaLayhehoo wrote: I saw this happen with ALA last year they reduced the diviend by 56% the stock tanked then doubled in the next year. The news couldn't be worse than today. There are usually huge bargains on these types of annoucements as people freak out and dump shares without thinking. Will this be the case here? time will tell if this is a bargain or a dud.
I don't believe for a minute that it will be a dud ... but they have a long row to hoe before people start trusting them again and they definitely must reduce debt.
That being said, I wouldn't touch this until the volume settles down again and prices reach $2 or below. At that time I would feel quite comfortable picking up 20K shares in 5K chunks over several days. I thought it would go lower today ... so maybe they won't see $2. But if not, I'm no touching it.