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  • history_travel_lover history_travel_lover Nov 2, 2012 12:16 PM Flag

    Div cut will rally the stock

    I need to read the transcript but from everything I have read, your interpretation is correct. I believe he did not mention the dividend cut on its own but that he was simply responding to a question about a possible dividend cut if conditions deteriorate further.

    I have a limit order to buy at $32 and will put in another one at $30 since I don't believe they will fully cut the dividend (if they cut it at all), that natural gas prices will make their way up to $5 over the next 18 months, and that the worst will be over in the next 6 months.

    I should note that I am investing money I won't need for at least a few years and that I am going to hold this for at least 4-5 years.

    Sentiment: Buy

34.81+0.69(+2.02%)May 4 4:01 PMEDT