Post by
Toppicks1 on Dec 23, 2024 10:02am
Smart Money
It would appear bailed on this around the end of October when it was still around 45$.. shortly after that even by November 10th it was down to 38$... that's when most of the knife catchers start showing up. Most probobly couldn't afford this stock when it was trading in the mid 60s.... but couldn't pass up the new bargain.... retail is for the most part blind when knife catching.. in my opinion....
Comment by
PabloLafortune on Dec 23, 2024 11:25am
The cut that needs to be made is the one that gets the Canadian operation freecashflow positive. Whether that's 25/50/75% I don't know. The US acquisition is going to have to stand on its own after a maximum of a 2 year investment in my view.
Comment by
Ocalaman on Dec 23, 2024 11:30am
This sword of a possible divdend cut is killing them and investors, its time for a massive bloodletting now and lets get 2025 started on a clearer note.At $33 , 50 % cut, its still a 6% yeild stock and higher than other telcos and it frees up $2B of cash
Comment by
PabloLafortune on Dec 23, 2024 11:59am
100% agree with you Ocala. Anyway, I'm buying at this level now, its too crazy low. If they go ahead with the cut needed now, at least they will have done one good thing in 2024 (...). But probably they won't until the pressure from investors becomes unbearable.
Comment by
1condor on Dec 23, 2024 1:07pm
PabloLafortune...downside is around 29 bucks on a divvy cut. At least that is what I am going with. Not buying yet...but sure is beaten down.
Comment by
PabloLafortune on Dec 23, 2024 12:46pm
Z, POTS was a game changer 100+ years ago. Cable was a game changer (before the internet) 50 + yrs ago. Cellular was a game changer 30-40 years ago. Satellite (Musk) is a game changer now. Fibre Optic broadband is not a game changer.
Comment by
Davesnothere on Dec 23, 2024 11:25am
I can relate to that ... ouch !
Comment by
Davesnothere on Dec 23, 2024 11:25am
I can relate to that ... ouch !