Just got the dividend.
Whoopeee!!! This will really change my lifestyle. I keep seeing the same post, slightly different wording, repeated several times per week: the market is stupid, stock should not be down $5 or $6 since chipocalypse announcement, lots of orders, etc.
Thought I'd re-post something from Sept. 20:
Nobody, repeat NOBODY likes buying a stock that is, or is about to be in violation of its borrowing covenants.
That's where Flyer is, again. This company is not well-served by the fiction it can pay out $50 million per year in dividends year in and year out.
Manufacturing is a viciously competitive, low margin business. Stop pretending to be a widows-and-orphans appropriate vehicle. Ditch the dividend, hunker down, and weather the storm. It will pass but if you keep paying out dividends when you clearly need the money for other purposes......
Market cap right now is about $1.62 Billion. Lion Electric, no dividend, is about $3 Billion.
It's unfortunate but I can see this stock sliding below $20 again. Once these trends get established, they can carry through to ridiculous extremes. I can envision a world where Flyer, or Sinker, trades at one-third the value of Lion while producing 3 times the number of EVs. This stuff happens with depressing regularity. CUT THE DIVIDEND NOW!!!