Post by
sanityseeker on Dec 17, 2014 11:28pm
Dividend
SGL with its leveraged balance sheet is In a precarious situation if current energy pricing environment persists. The situations is that much worse for managements reckless choose to rack up extra debt to avoid cutting absurdly high dividend yield several quarters ago. If weak pricing persists, no one will deserve to suffer the destruction of capital and value more than those who were staunchly opposed on this board to a dividend cut in favor of funding the actual running of the business. Now would be a great time to read old posts making speculative but definitive calls on the wonderful performance this company was going to have as energy prices perpetually, and reflect on how silly such speculation sounds once contradicted by reality.
Comment by
darkstream on Dec 18, 2014 10:53am
-yes the average investors have become dividend junkies -ie. noticed today they are chasing LRE paying a 25% unsustainable div. and punishing companies making more prudent decisions -might as well go play the online slot machines that the OLG is setting up to get whatever money is left.