We can speculate, but what is really hurting the stock is the decline in the Euro, lack of execution on speculated acquisitions, continued sales softness and earnings decline with no announced action plan to reduce costs or increase sales, lack of significant buyback (dutch auction) and of course stock structure which doesnt allow for activism and seeming indifference by Ed Richardson to investors and his own company stock price.
Really hard to know the before and after on this one since the last deal was struck during the financial crisis and you have to think the commodity decline is going to impact customers. Margins are also tight. You can use the past charts as a guide but more clarification would be nice and hopefully mgm will give more color then they usually provide on the next press release or in the Q.
This deal goes back to 2009. Before the deal, the dividend was .10. Does that imply earnings are more like .40 then .80. Does the dividend get cut in half or more? Looking to buy around 10 or less and getting at least one more full div quarterly payment. Then have to see what the company says and does since they really dont communicate with the public.