Q: What do you see happening if/when FSZ cuts its dividend. Continues to drift downwards without the high dividend as a reason to buy? Bounces with dividend issue resolved and better coverage numbers?
Thanks.
Roman
Thanks.
Roman
5i Research Answer:
We would still expect a fairly harsh initial reaction, about 7% to 10% down as a guess. But we doubt investors will be truly surprised, and would expect it to 'drift' back up after the initial news.