Q: What is your current analysis in comparison to your August thoughts? Buy, sell or trade and is the dividend in more danger of a cut or cancellation?
Thanx
Gary
Thanx
Gary
5i Research Answer:
Our sentiment would largely be the same. The company still is in a net cash position. We do not think a dividend cut is imminent, but we are sure management is discussing the possibility, unless they feel operational setbacks are just temporary. We would still be comfortable holding it at current levels due to its very cheap valuation and balance sheet.