come back next week after we hit $16 to get schooled in logic. Until then, I'll miss you!
But the market doesn't respect a 7+% dividend. If they don't respect it, then why keep it? Would not a stock buyback (at depressed prices) or debt reduction be a better move to bolster shareholder value?
then why keep it? Would not POT just slash or drop it in favor of debt reduction? Does a commodity player like POT drop like a rock after such an announcement?
Back in June, POS POT breached its lower FIB levels and has been in a free-fall ever since. This is heading to the teens, perhaps even dropping to FCX levels. As for a new set of FIB levels, forget about it, since anything tied to commodities is being chucked.
As of yesterday, Morningstar had a 4 star rating on POS POT......did they add an extra star today? Lipstick then for this PIG heading down into the teens.