RE:From Today's Globe and Mail Again with this narrow sighted approach.
the dividend is 950m
Expenses are 4200m
Like go after the real opportunity cut operating costs and stop spending money get the margin up over 50%.
if they leave the dividend but find a way to drop 1B from expenses then it's the same thing.
cut capex to 700m. Cut opex to 2500m.
there is too much spending going on.
do they really need over 40,000 employees? Rogers has trimmed down to 25,000...
3.2B a quarter is an incredible amount of money...
cutting the dividend doesn't solve the bloat...