Well times nigh to swallow pride bubba.
The company can’t cover dividend with free cash. Darren vía Niel has said they have capped the debt....so if debt is capped and free cash flow isn’t available how many more dividend payments are left. So the entire 12 billion or so in cash remaining can’t even pay next 4 quarters dividend ~15 billion
Most investors have already factored in the potential for a dividend cut. I’m curious how far the stock will really fall vs taking on more debt and being downgraded into the B’s
Selling assets to pay dividends is crazy too. Literally making the company smaller and giving it away.