This lays to rest one of the "fears" that RSH might eliminate their dividend. That's 6.6% at today's prices! I thought they would have waited till the ER to announce it as one of the positives, that business is still doing ok, contrary to the SP drop. Looks like they have some other (possibly bigger) positives to announce next week. Perhaps channel checks are showing that Verizon sales are doing better than they expected? They might report at the high end of guidance? Let's see but I strongly think there will be relief buying when people realize that the 30% haircut was way too much of a knee jerk reaction to the pre-announcement. There might also be insider buying 48 hours after the ER - SEC rules prevents them from buying before all public info is released.
Obviously the earnings front is not going to be as bad and all the media and the message boards have been. Saying, Appears the doom and gloom just is not going to happen. lets see if this stock can march back up now that the dividend is in tact and you have to think the financials and earning must not be as bad as speculated.