Please help a newbie! If I buy 10k shares now around $ 3.56, keep long enough to get the special dividend, and it resets to $ 2.56 (hypothetical), should I be fairly confident that it will rebound close to $ 2.94 when it was announced and at minimum I get .38/ share?
Whatever the closing price is on the 21st, if the world hasn't ended on the 20th as the Mayan calender predicts, it will drop $1 the day after. After that, it's anyone's guess, but be advised that this company is losing money hand over fist, and they just lost their best customer, ATT. The wild predictions here by the clueless are just that:wild. On the 22, the shorts will reload.
Thanks for the reply. There's so much pumper noise on here, can you clarify something. If the rec date is the 14th, I read to be "signed up for the cash" you have to own on the 12th. It's payable on 21. Will the price drop on the 14th or the 22? If it drops on the 22nd, why can't you take the cash and run on the 15th?