Market Impact:Likely Negative, due to the >$5 billion in impairment charges and decision to now pay the dividend in shares instead of cash. However we are on-side with the steps that Management is taking. Many will wonder if the decisions announced today are preparing the Company for future acquisitions.
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3Q15 SEES $5 BILLION IN IMPAIRMENTS - ALL DIVIDENDS TO BE PAID IN STOCK
- Published:
30 Oct 2015 -
Author:
Michael P. Dunn - Pages:
Market Impact:Likely Negative, due to the >$5 billion in impairment charges and decision to now pay the dividend in shares instead of cash. However we are on-side with the steps that Management is taking. Many will wonder if the decisions announced today are preparing the Company for future acquisitions.