Dividend has higher and lower going back 15 years.
Market is concerned about debt coming due and possible dividend cut, thus the price drops, but the apx 4:1 PE at these prices thanks to market panic seems nuts to me. Even a 50% dividend cut and using cash to buy back debt, makes this still undervalued.
There is subsidiary they are selling or sold, that may affect revenue, one time gains on the sale and cash on hand (To pay down debt....) so it has a lot of moving parts.
Where the market and this stock bottoms at is any ones guess..
But I am already long... and looking to add the rest of the year... on dips like this one. Still making 52 week lows this week.
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