price slide, page-95

  1. 1,116 Posts.
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    Yes it would be interesting to see how the $34 value for PXU was calculated.

    However I cannot agree with this concept that PPX is tarnished because it stopped the PXU div. It is tarnished because it continues to shrink capital. Its primary objective must be to become profitable. Only then, and after it has paid the banks back, should it think abould paying Divs to either PXU or PPX shareholders.

    I cannot see it raising capital either in the current circumstances. In my opinion it is much more likely to sell assets. If it did I see no reason why some could not be directed towards buying PXU on market. Would support the price and let those who want to get out. On the other hand I would not sell PXU at current prices. Neither would I sell PPX.
 
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