RE:RE:RE:RE:RE:RE:RE:RE:RE:Enough Alreadynavajojoe wrote: masfortuna wrote: you keep changing your tune. The argument was NOT whether using the surplus was sustainable. You keep moving the goalposts.
My posts have been totally consistent. I said they couldn't afford the dividend at the prices I stated, which were in effect at the time. Borrowing money from their cash surplus to pay the dividend simply reflects the fact that they cannot afford to pay the dividend, which is supposed to be paid out of free cash flow, not surplus cash.
Any serious investor knows I am right, and you are a joke.
The reason no one wants to agree with me is that they want their dividends, and think that speaking up threatens that somehow. What is rare on these boards is actual honest posters, who will speak up when the stocks they own aren't doing as well as they hope. I do that, whether liars such as you like it or not.
Sounds good "except" that's not what you said. NOT BEING ABLE TO PAY THE DIVY A THESE PRICES is what you said. Anyhow I am putting this to rest. If you don't think they can pay the divy and that is a concern for you, then go sell your shares. I have been buying at these levels and in about 2 weeks I will sell 15-20% higher. I keep that core intact that I bought 2 years ago which is why my avg. is low. Eventually the wcs will close the gap. You do you.