hate to say............well you know.......I dont usually care but this kind of stock is one held by divy retirement people. So this sux----Look at other areas. CLF cut but is low stock price---ATT, Verizon may be safer ..GL
Yes. Your math is correct and it would suggest a more correct price IF DIVIDENT PAYOUT WERE THE ONLY FACTOR. BUT IT ISN'T!! There are other intrinsic factors in a stock price. For example, now the stability of the dividend should be regarded as more assured and that has a premium value in itself. Other factors have similar relevance (like company potential itself, etc.).
yes-good point- CTL just has to much debt and very little available Cash- I realize this stock has been one of the best div plays and that a lot of pensions,retirement payouts etc... hold this--I feel bad for those---It would be nice if those using this for income would have ability to sell pre earnings----and then step back in---hope it works out for you---no position long or short at moment--