This stock is obviously under attackThere's no reason for this magnitude of drop.... Something is up, and it's serious...
WCP has lost $1.3 B in Market Cap ,,, 20% of its value in the past 2 months, and 30% $2.2billion in the last 3 months...
Management will need to stratagies a way to fight back, and hopefully sooner than later before this become chronic and the norm... Shorts/manipulators are like a dog on a bone... they WON'T let go.
They must be FORCED to move on to another target.
I suggest management not trust their (so called) analyst friends that call for information... stay quiet and buy back every cheap share... and I know for a fact that if management announced a suspension in the dividend to buy back shares instead... they would run for cover and we'd trade like ATH instead.
Dividends sound good but... that money leaves the company for good (like interest on a loan ) and often lowers the share price by more per year that the divvy amount paid.
Buy backs are the answer now.