Sep. 25 at 2:30 PM
$FLO been doing some DD on this for the past few weeks and really like it. Not going to try to catch the falling knife, but I’ve set aside cash to purchase when I’m confident it’s bottomed!
What I like : high dividend, fundamentally undervalued, good hedge against recession
What I don’t like : high debt and growth is approx inflation.
As far as I can tell, cutting the dividend to pay down debt would give this stock ZERO flaws. Best case scenario for me, they cut the dividend, exasterbating the sell off, the we can see the stock rise 100-200% over the following couple of years!
Not bad for a recession hedge!