The Dividend being cut for the next two quarters has got to be killing him. This guy put that dividend in place to reward himself and come hell or high water would of never made these cuts. Ted would of found a way to never stop paying that thing.
I beleive that was his major source of income but maybe his poker winnings exceed that now.
Wow it's amazing how they board ran him off then cut his beloved dividend over the years. Hopefully he didn't do anything foolish like make shitty realestate buys or gamble his money away.
The question is, is this company just going to piss away all of the book value over time? I have a very tiny position that I am frustrated with. I only keep it because it is so cheap to book value. However, it looks like the book value is heading south the way they run the company.