Stock price free fall versus potential dividend cutback Difficult to watch the fall from the cliff. As they say don't try to catch a falling knife.
now for sure the will maintain the next dividend at 0.99 CDN. Management works for them first , never forget.
But next year could they consider a reduction on this $4 annual dividend? If so this would be a real killer for stock price. And it would take a hit guarantee. This has been seen all the time with big dividend payers companies.
not easy situation for bagholders now. I wanted to add some but.
My financial advisor said to stay away until this ship stabilizes. He is probably right.
the dividend should not be seen as a safe harbor until cash flow increase on a quarter basis. This will take time.
can this current mgmnt with their actual board member reverse a very ugly picture. Taking the emotion away, the rationale is clear, everyone is losing money except mgmnt as they receive their paycheque regularly.
never forget even a big name such as Kodak found a way to disappear when digital took over...
all the best
glta
dyodd
hoping for at least some positive over the next 3 months. It will not go belly up but the pain is there and real. Retirees to be more careful I guess