RE:RE:RE:Dividend to ZERO, until house in orderMalx1- not a bag holder when you aren't holding any shares. Per my previous posts, I sold this Turd when they first announced the Kentucky Belch deal. Only reason I still follow it is to watch for an entry point. Not anywhere near tthat yet. That said, for those that are still holding this, a buyout would be their best option to get out. Selling just the renewables in this market would be a sure way to realise the very lowest price possible. If there are no buyers, at a decent price, for the whole company, then only option is a major overhaul and 2-3 years to turn it around. The only time I would agree that the dividend should be eliminated is if the funds were needed to service the debt. Outside of that, furrther cpaital expansion under this leadership is suicide.
malx1 wrote: DeanEdmonton wrote: Their cashflow did not disappear. It would be truly stupid the eliminate the dividend on a regualted utility stock. They need to fix their other issues, not further abuse shareholders.
malx1 wrote: No room for dividends when burdened with high-cost Debt.
Shut her down, fix her up, then sell.
Typical bagholder response.
Like I said, suspend dividend until Debt/Equity is 30-40%.
Capital allocation mismanaged. Fire CFO and execs.
I already called the CEO firing.
Enjoy your handcuffs.