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.
that it could be taken private? Perhaps "they" buy back the debt @ pennies on the dollar and wait for oil to rebound? Or do you just let this miserable POS flop and become a story topic on 20/20?