Quote:
Originally Posted by TNGary
Company has numerous times, CEO, confirmed commitment to 6-7% dividend.
Q1 was on the upside
high debt but appears able to manage debt and still have some free cash flow.
Any thoughts as a stock to purchase?
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Like any stock, you need to decide to hold, buy, sell or buy more or sell some of what you hold. Commitment to hold the dividend? I sold off my most expensive shares into the caused rise. I still held quite a bit that due to having sold off my most expensvie shares was at a 12% gain, not counting dividends. I did not want to pay short term taxes. The market fixed that problem for me. The stock dove on the deal.
I can see the future. You can bet they will be sued. The CEO cannot claim he was not aware of the pending deal when he said the dividend was secure.
If, you have not been involved in any of these suits, the attorneys will make tons of money, you will not get a dime.
I sold all of mine. As of today 5/25/21 it is below what I got for mine.