I fully agree with that,FTR is doing all the right things to survive/grow.Short term might feel a bit painful,but longer term, both the R/S & the Divy cut were the right decisions for this company.The divy cut will help preserve capital,and a post-RS SP above $10 will bring in an altogether different investor base(ones with big pockets).Many institutions cannot/will not invest in stocks priced below $5.
Hopeful now more than ever,that the downside is capped.For now,will enjoy the reduced dividend while waiting for the upside in the stock(but not taking the divy for granted though,this can also be cut later).
Good luck to all believers here.
