OTCPK:ICPVF - Post by User
Comment by
CorruptedLushDron Mar 11, 2020 12:50pm
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Post# 30793876
RE:RE:RE:The Good Bad and the Ugly
RE:RE:RE:The Good Bad and the UglyI think DIV sustainability is always a fair question, however, I do agree with marketsense that time is a factor here. If this goes on 6, 8, 12 months, ok, that's cause for legitimate concern.
As it stands, the stock price is the only thing about this company that has fallen, and it has done so in an extremely condensed amount of time. Fundamentally the business operation itself has not been impacted beyond a few days.
They have been strong operators through mutliple shock events over the years. I have confidence that they are looking at all their options. A div cut may be one of them, but with potential asset sales, the dissipation of CV threat, and a potential early resolution to Saudi-Russo affair, 2- 4 weeks from now could look a lot brighter than it does now (but, of course, it could also get a lot darker haha)
GLTA