Can not just cruise at above $49 Close Friday down of course on high volume , 9 millions shares traded. People getting out for new people getting in at a higher price for the next dividend of 0.915 coming mid May. It takes a buyer for a seller.
It has to break the 49 again. And Again
The dividend payout ratio is pretty high and new stream of revenu will be needed to get it down or cost reduction program will be needed to maximize free cash flow.
and no, moving the HQ to USA is not a good thing to do.... as suggested in a previous post,,,
good Canadian company can survive in our environment and we should all be happy for this.
next week ahead of May could bring some positive let's hope for it.
dyodd