Post by
crow27 on May 24, 2019 11:49am
What's Next?
They last Divi cut was to save some cash (not pay it to the shareholders). Now the share price has tanked to the point that the Divi is paying a pretty good return again (6.25%). I like that return but unless they get some work that pays well and can support that Divi pay out then once again something has to give. The last Divi cut tanked the SP so it only makes sense that another one will tank the SP. Over the last 8 years or so the only good thing has been the Divi but that could not even come close to making up for the SP lose over that same timeline. From $20 to $15 to $10 to $5 to $3.85 today? And we are talking a timeline where the stock market has set all time highs? I can see $2.50 - $3.00 coming down the pipe if this trend continues. What the heck happens if the stock market has a big correction which we all know is in the cards. Maybe $1.00 a share, don't laugh as I have seen many stocks 50 times better than this stock hit crazy lows when the correction comes. I think the board and ever shareholder should all pray for a buyout. It just traded at $3.83, something smells. It looks like the only time the stock rises is when they buy shares on the open market for their employees as part of their stock incentive package. It's like clock work every month. I called under $4.00 a while back and it is now reality. GLTA
Comment by
dakotaslt on May 25, 2019 10:14am
All under Lemay's leadership, more appropriately mis-leadership. Why is he still there?