RE:The dust won't settle soon. cherman wrote:
Here are the facts about AQN: 1-Earnings per share missed estimates by a huge margin. 2-The company lowered its outlook for the rest of the year due to inflation and higher interest rates which is going to be worse in the coming year at least. 3-The eividend is definitely at risk. How can you earn $0.11 and pay $0.18 per share? 4- AQN now is a perfect candidate for tax loss selling in the coming days.
The baby is down at the lake along with the bathwater. With over 40 million shares traded yesterday I'd say the tax loss dump-a-thon is well-underway, and probably largely complete. People will buy back later in the year. The stock will stop dropping soon, sooner if they make some kind of annoucement.