stock is down from $15.76 to 14.26 on the news that refi's will hurt the present quarter dividend. Outlook for next quarter is a nice rebound. Will the stock drift down untill the actual dividend is announced and then drop further or is the damage about done??
IMO, the stock was a bit overbought and, coupled with the news, that's why the drop. That being said, the news really was not that bad, the div should be fine and the company should be fine going forward. The stock has held strongly in a very down market at this point. This may be it.