It can go back down to $1.50 or $2.00 ---if the dividend is tampered with...for sure these shares look to move into the $5.00 area or maybe $4.50 just on this move lower...depending on how severe this current market sell off goes and deepens....please be careful here on these 'high-yield' stocks without the future coverages to assure this high current return...also please note that much of FTR's current dividend is now classified as a 'return-of-capital' so buyer/holders beware...
I am still long some shares...will I take my own advise!?!?
div can go to 15% but you still lose in the end as the share price is just in freefall and I suspect it will just go down quarter after quarter then they will cut the div. and that will be the death of FTR.
I guess I will not see 7.60 again and will have to accept a loss.