READ BETWEEN THE LINES......... 10 WARNING Signs1. Preferreds Were Not Redeemed despite what TERMS said, despite being expensive form of "debt", at the time of the HSE/CVE transaction.
2. Early 2021 MASSIVE Options handed out.
3. Multiple Asset Sales...... Many come out to voice opinion on how CHEAP Retail sold.
4. Sept. 2021... Company Issue $1.25 Billion Senior Notes
5. Dividend sitting at only 3.5 cents/Q
6. Company does NCIB..... But Preferreds, which are paying up to 8 times the amount of dividends over the commons I don't think are bought back.
7. Next, I think Options begin to be excercised and common share sold. I'm not an option person, so someone check on this to verify.
8. Total Liabilities climb to $30+ Billion and Big Cash Pile Stitting there.
9. Dividends not increased.
10. Finally, $1.9 Billion of impairments disclosed
Could be wrong on some of my points, check out yourself. Read between the lines.
All just my opinion/view/thinking/guessing