Post by
TheWokeLemming on Aug 12, 2022 9:48am
Sell off continues
Short term there are better opportunities. Long term CJ is still in great shape IF management doesn't lose investor trust. The increased capex announced in Q2 was a step away from their stated plan, albeit acceptable if they stuck to shareholder returns. The dividend announcement was another step away from their stated plan and while some like the ability to buy shares cheaper the fact remains that the company is very likely under $50 million debt and didn't follow through on increasing returns to 50% FCF. The market has acted accordingly. Should the divvy remain at .05 for September 30 a lot more trust will be lost. My opinion only. GLTA.
Comment by
cre8value4me on Aug 12, 2022 10:57am
At some point the sellers have to get exhausted and we will continue to rock! Yes management seems to have meandered off the path slightly but overall we can't really complain! We can be slightly disappointed by the lack of clarity but they seem to have a good grasp overall. As always JMHO GLTA
Comment by
TheWokeLemming on Aug 12, 2022 11:35am
Agree cre8. You know I'm a fan. They need to stay on course though or they'll lose investors fast. Look at TVE. I think an enhanced divvy yesterday would have had CJ pushing $9.50 by close yesterday. My opinion only.
Comment by
cre8value4me on Aug 12, 2022 11:44am
oh as an aside point Eric the pumper is on today want to make a quick buck by hjs pump and then a dump shortley after!!!