Post by
Mirko22 on Feb 01, 2024 1:33pm
Not Sure Dist is Safe
After hearing the call. I have no faith in Mangment. I would not be shocked at all if they cut div
Comment by
nedstar71 on Feb 01, 2024 2:52pm
Who knows you may get lucky. I'd say anything under $17 is a gift and the distribution appears safe. CEO needs to work on her delivery but the fundamentals are solid.
Comment by
nedstar71 on Feb 01, 2024 2:55pm
Correction: "anything under $18 is a gift". Or under $17 Lol
Comment by
TheeRook on Feb 01, 2024 6:46pm
Near Term could be a few months TD// we view the current 10% distribution yield as secure over the near-term Near term can be a few months, weeks, days, hours, or minutes, depending on the context or scenario in which it is being used.
Comment by
Frankie10 on Feb 01, 2024 7:12pm
Distribution is safe. The "horrible" guidance that is not "guidance" ("outlook?") is flat to down 5%... even under the worst case scenario of down 5%, distribution is well supported by cash flow. This is classic under promise over deliver. Great buying opportunity, imho.
Comment by
rustyblades on Feb 01, 2024 10:57pm
"This is classic under promise over deliver." I agree. This is a new CEO and she will be measured from 2024 onward. Best to start from a low base. If you are long like I am, it's too late to sell. Best to hang on. The sun is rising but there will be an eclipse in the spring.
Comment by
BlueJay2020 on Feb 01, 2024 11:16pm
At least we now know why management held the divi at $1.80 - in hindsight I should have taken more notice of that.