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SirBika

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SirBika

Re: lightrock post# 72

Tuesday, 04/30/2019 10:08:29 PM

Tuesday, April 30, 2019 10:08:29 PM

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By eliminating the dividend it saves the company almost 1/3 of their revenue and now they no longer will pay out almost $111.6M/year in dividends. That is a huge savings but hurt anyone who was already in prior to the announcement. This is way oversold and should recover $1.55/share with the dividend eliminated so $5+$1.55 back to $6.55 no problem...matter of time.
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