Just Energy Group Inc. (Canada) JENGQ

Actually read the financials not just the Bullboard

[ronster65]

This is actually long awaited good news for long term investors. Actually read the financials and you will quickly see that corporate governance is actually taking the right steps to point the ship in the right direction. FINALLY!
Many will start dumping because they thought the golden goose would keep paying out the high dividend. When a company pays out a dividend this high with continued quarterly losses, analysts hate it. 
This is the classic case of short term pain for long term gain. This dividend cut has been way overdue and I for one am glad that the board decided to finally do it. 
IMHO this is good news and finally the company is taking the right steps to avoid future financial issues. Those who suggest bankruptcy are drinking the cool aid.
Read the financials and dont take what is written in a BB as your financial advisor.

[CanSiamCyp]

This post has been removed in accordance with Community Policy

[HCI_STEEL]

Uh huh...good news eh? Their incompetence has cut the share price in half in a month. So even if they sell, it will likely be less than what the share price was a month ago!

[rob1237]

no no u are going bankrupt owning this not the company

[borne2run]

sorry ronster, lack of proper internal controls is a major warning flag. Ever hear of Enron? Management forund one cockroach.  How many more will they find? Preferred shares also hammered today, as were the debentures (bond traders are the smartest guys on the street). Debentures are now essentially no bid (5 bid at $92). Face Value is $100. Potential Buyers are waiting because there is too

[ronster65]

Considering the volume, the "sky is falling scenario" did not play out. I was actually shocked to see it stabilize.