I think many analyst want to see the dividend cut to save cash. In some cases cutting dividend have cause the stock to trade up and not down. I think cutting dividend would be good thing for SVU. They can double their debt payment with the dividend cut they would save. I think SVU will rally on this news because analyst are expecting this and will eliminate one going concern.
ELNK cut their dividend recently from .60 to .20 and no sell off after morning when the news came out. AA cut and the stock went up. NWL was cut from .70 to current .20 stock trade at $9 when they cut, it went up when news came up. GT was at around $7 will they cut dividend. So SVU at current market cap at $1.8billion is very low and they project $1.35 this year.