this is positive for the company. If earnings were lower than expected and they cut divi.= death sprial. good earnings + cut dividends mean Long term sustainable growth = Institutional long term ownership.. :)
Totally agree. I would have been disappointed had they not cut the divvy. Overall better return based on increased value of underlying stock price. Looks like after market crowd likes it as well as it has bounced from initial reaction low of 4 to mid 4.20's. My guess is that institutions will be gobbling up tomorrow & next week & we're back in the 5 handles rather quickly. Crazy not to buy this now.