CCME news on dividend sounded better than it was. After all was said and done, the dividend won't occur for another 5-6 months, and it won't be but 5-10% of profit (on the order of 25cents/yr, assuming they make $2.50 profit per yr), thus only about 2-3% dividend. As time passed today, it became obvious to me that the news sounded much better than the reality. Based on the steady decline today after the opening pop, I don't think I was the only one to figure out a small future dividend was not a very big deal.
Focus Focus Focus Focus !!!!
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