from the wording and action they took on the dividend it seems to me they wanted to bring the bonds down so they could allocate money THERE
I came up with no one--wall street NO,airlines all stocks way down so NO,consumers? I am paying 2.70 for gas so NO,oil companies NO,the middle east ,well right now NO,corporations? any benefit is offset by the higher dollar----its quite amazing actually
go down the tubes so saudia Arabia can profit--makes no sense---lift oil export ban and save thousands of jobs
and.........we could lift the ban on the exporting of oil
they have no friends at the moment--what were they thinking
that was my point--they had to know the stock would get hammered thus making it worthless--by postponing the announcement which should not have come until the end of the year maybe their stock is trading 10-12 bucks and could be used as an investment vehicle --not now...
I remember twice now they have blatently lied about distribtions--you expect nothing concrete going forward
what a dumb move--quarterly report was excellent
announcing a total distribution cut--TWO MONTHS OUT? its absurd--if its so bad out there cut it and get it over with,all you are doing is creating confusion......if its so bad out there cut it in half so not to upset income investors,if its so bad how are you able to make 2 more distrubtions but not 3 or 4--the whole thing really smells....Raymond james says you have a 60% cushion on your coverage rate--heard they are buying back their own debt--sounds like it somehow helps Ellis and no one else.
has anyone ever heard of a company say we are going to completely cut our dividend,,,,2 months from now....#$%$ obviously they can make the payments--either reduce it-eeping the income invests or just cut it already--2 months?