I'm a long term guy, so I'm not panicking, but todays action is pretty curious. Obviously this quarter was just about as bad as anybody could have expected, so I was expecting a lot worse of a day. That rebound, to me, means that somebody knows something.
In the CC, they mentioned some announcements that they couldn't talk about yet. Maybe somebody's got wind of tomorrows news today? That would explain the recovery. Either that, or people took today's earnings as positive news...somehow.
it sounds to me like the dividend's getting reduced at some point. The company needs to make EPS 1.60 this year to keep it at its current rate (I think it's 1.60, does anybody else remember the figure?), and I'm not sure I see that happening.