RE:RE:RE:RE:Will they cut the dividend?YassineNoBS wrote: If you don't hold it why are you wasting your time? Don't you know time is money? Anyways I will answer your concern in good faith. If they cut the dividend it will go towards paying down debt and/or buyback some more shares and both will be positives for the long run. Investors think a few years down the road not a few quarters or a few days to squeeze out the weak hands.
You are seriosuly delusional. You have been here since $7 sprouting the same shorts are responsible nonsense. You are going to lose 95% of your money.
Did you bother to read the press release? They are NOT going to renew the buyback. What buyback are you talking about? They have DEFERRED the dividend. The dividend is a paltry $11 million/quarter. Yet they can't gurantee such a tiny amount. It will make ZERO difference to their billion in debt, They are drawing almost their full revolver. Read between the lines. Their covenants will not allow a dividend to be paid. This is not about short sellers. This sector is in trouble with their thre decades old regulations. The assets here are worth 10x time market cap but they are not allowed to sell them? Crazy,,