Why is FTR giving away 398 million dollars of their needed money???
You saw the dividend cut coming.I also lost on the divy. cut but feel it was a wise business decision as long as it goes to reduce debt.I could have sold when I saw this about to happen, but doubled my position. Even if your cost basis was $10, you are still getting 4%. Bank savings are under 1% so this is still a good deal. Now if the savings is not used to reduce debt ten that is a different issue. Thoughts/comments?