FTE is trading ex-div. -1,06. I am totally amazed. Checked last night and it was OK. How could it fall that much and I tried to sell this morning at 07.00 extended??? I am going to try to put in a call at 12.50 if it does not get better for 06/16! As it is I am even with the dividend, but I was going to make money. FTE has a Buy rating it is doing very well in Africa tms... Any thoughts of holding?
No dividend cut until next year, and by then only depending on where the stock and economies are. If the stock is much higher (where it should be IMHO) the dividend will remain. If not, no company can afford a 14% dividend, so makes sense. IMHo, do not dump at this bottom. Collect your dividend and wait for the stock to rise again, which it will. In fact it could gain more than 8% if and when the Euros announce re-financing of Spanish banks, , Greece, etc.
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I am going to try to put in a call at 12.50 if it does not get better for 06/16! As it is I am even with the dividend, but I was going to make money. FTE has a Buy rating it is doing very well in Africa tms...
Any thoughts of holding?
CAN ANYONE PLEASE CONFIRM THIS....Barrons is saying "amid reports" of....
http://on.barrons.com/...
Yes even with this possible dividend cut in 2013, will hold and wait, collecting dividends.