Trying to assess the future after David Dicker is difficult. His entrepreneurial impact would have been significant earlier but, probably, not so much recently. The "steadiness" probably came from the others and, therefore, should be retained. What may represent the biggest change from his departure is around the dividend that you're talking about. Dicker was a champion for not taking a salary but releasing all of the profit as dividend. The removal of some of his influence around this subject may result in the remaining management, who are paid a salary, reducing the 100% payout and using it to reduce the debt. Judging from the input from this thread, the dividend is an integral part of the valuation placed on the share price. Reducing the dividend from 100% of EPS to, say, 70% may hurt the share price. I mention this even though I realize that the debt, in Balance Sheet terms, is not out of control and an adjustment to the dividend doesn't affect the underlying value of the company. The point is that the underlying value of the company and the share price don't always get together. I don't even hold a view that the dividend rate will change, just that it may and it would then be something to watch.
DDR Price at posting:
$8.67 Sentiment: Hold Disclosure: Not Held
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