Spot on, they should cut the divy to 10 cents a month which they
could cover next year with modest strategic moves. They should also
buy back a million shares a quarter.
Months ago I opined that EVEP would lower their payout in 2016 to between
$1.2 and $1.44 and the stock price would fall to betwee 10 and 12.
They should institute a monthly payout of 12 cents a month and use any dcf above 1
times to buy back stock! So simple.