Quote:
Originally Posted by Rutuu
Please tell me you saw the divvy cut coming? I've been smack talking my buddy at VET about its unsustainability for months. They're payout ratio was way above 100%. You just can't run a company that way. They had to trim and the divvy is still too high, you're still looking at capital destruction scenarios.
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A dividend cut there was bandied about months ago in the media. I did notice that they did what any CEO/CFO will do for this quarter though. Some kitchen sink accounting and blame everything negative on the virus.