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nuketheshorts

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nuketheshorts

Re: Scotttrader80 post# 33

Friday, 02/23/2018 2:40:56 PM

Friday, February 23, 2018 2:40:56 PM

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You're right. After posting record earnings the company announced that it would like to repurpose its International-Matex Tank Terminals (IMTT) business in order to accommodate other liquid products, as well as take advantage of some growth opportunities it sees across some of its business lines right now. In order to meet these demands -- repurpose some of its IMTT business and invest in future growth projects -- it lowered its dividend payout to $1.00 per share, per quarter.

Win a few. Lose a few.
Only the long term counts.

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