Dividend curs in general aren't good for a share price. People buy for the high dividend yield in part. Tell them they get less and they interpret that as a negative signal about future profitability.
To be a shareholder of record means you had to buy thursday. It takes a couple days to settle
That's why they said Friday was the ex day ie it trades without the dividend of you buy Friday or later.
He needs a license to charge for it. It's free speech. He can give an opinion. ONLY bullish opinions are allowed? You're being ridiculous. Find me an anonymous person who's been sued for giving an opinion on a messageboard. Should be easy.
He'll face lawsuits for expressing an anonymous price prediction on a messageboard? No don't think so. Will the bullish people get sued if it doesn't go up?
So the dividend rate was 41 cents for one day so 3.5% per day or 1000% per year! So shorts had to pay a 1000% dividend! He's right they are dumb!
Shorts were down 3% on the day. Annualizing the dividend they pay is moronic. He also said 11% dividend. The dividend has never been 11% annualized or not. Current div rate is closer to 7% not 11%. He is an idiot
they said they did. Covenants include "net worth" covenants and the ratio of debt to net worth must be below a certain percentage. It isn't a question of management being "stupid", it's the iron ore market making their assets worthless and pushing the company into a covenant violation. There's nothing they can do about it.
They didn't tap the credit line BECAUSE THEY DON'T NEED TO YET. It doesn't mean they "won't go bankrupt". There's no way for you to know they'll "turn it around". They just said the company is effectively worthless on paper. The covenants being violated means the bondholders could push the company into bankruptcy.
you idiot, the loans were make YEARS ago. They can't buy back jack with the covenants being violated. Do you know what a covenant is?