Consolidated Communications (CNSL)

[lightrock]

I think you may be underestimating the probable loss of the 74% stake of institutional investors that were clearly counting on the dividend...

That being said, I don't disagree with what the company did, but I don't think the down-side on the share price is anywhere near done yet.

We'll be asking the big insts to sit on it for some odd 2 years before their dividend might resume maybe.

So "way oversold" on an indicator is nothing compared to the fundamental trauma here. "Matter of time" may be quite a while.

We'll see how it goes.

Look at it this way, if the reason for 74% of the shares being owned was because dividends, then, 74% of the shares are looking to exit for greener pastures for that investment purpose.

Looking to exit means steady down pressure indefinitely, until they are out. Meanwhile up-bumps all the way down and probably more positive sounding "analysts" from big name institutions.