FWD
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0.56% $1.77 fleetwood limited

what happened, page-15

  1. happypunter
    3,048 Posts.
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    21/05/13
    13:11
    Post #: 11789706
    The dividend will get hammered unless they try and fund it via debt which seems to be what they did in the half yearly.

    A lot of people (myself included) were in this for the high dividend, turned out to be a trap in this case. I suspect it will drop further over the next few days, below $5. Even at $5 the PE would be around 27 so still looking expensive.

    FWD Price at posting: $5.97 Sentiment: Sell Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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