Post by
laurencelefou on Aug 17, 2021 7:21am
WBE Board of Directors got it wrong
Less than one year ago, the Board of Directors decided to resume a quarterly dividend. Yesterday the Board decided to temporarily suspend the dividend. It would appear that Board members have a poor outlook of WBE future sales. Wet wipes sales were a major disappointment.
I clearly was too optimistic in my outlook. Before the end of the week. I will come back with a more detailed analyst of the latest quarterly report.
Comment by
JayBanks on Aug 17, 2021 8:41pm
I've been in just after last quarter and had a limit order in to double down at 73 cents, I'm glad it didn't fill. I think I seen the revenues were up, but they didn't make as much as they expected? I'll be interested in your deeper dive...
Comment by
forwardflash on Aug 19, 2021 1:31pm
And I think the market is getting close to a long overdue major correction. Just the mention of an interest rate hike sends investors to the exit.