Q: I am holding WEF for years in registered accounts. Looks like it cut the dividend but this was not easy to find a report on. It reports tomorrow after close.
It looks grim for this company going forward. What do you think about getting out before earnings report? Of course no tax loss to lessen the blow. Any thoughts whether this might ever be bought out?
Thanks so much for this opportunity to pose questions!
It looks grim for this company going forward. What do you think about getting out before earnings report? Of course no tax loss to lessen the blow. Any thoughts whether this might ever be bought out?
Thanks so much for this opportunity to pose questions!
5i Research Answer:
WEF omitted its dividend in November 2023. Prior to that, it paid 1.25c from June 2022. Prior to that it paid 1c from March 2021. Prior to that it paid $0 (covid) from May 2020. Prior to that it paid 2.25c from June 2018. Prior to that it paid 2c from 2014. Momentum is certainly negative. It lost money last year and is expected to lose money this year as well. Debt is high and cash flow has been negative. We think getting out is the right move.