Plumb the Depths, page-29

IMO only, dividends should be cut for now and debt paid down. Dividends at a time like this are foolish for the long term health of the company. Sell boats,pay down debt, cut out dividend, pay down debt. Then regardless of how long this down cycle remains in play, MMA would continue with a strong balance sheet and for the long term holder, we would end up in a much stronger and eventually, much more profitable position. This concern about dividends right now amuses me as you see your holdings drop a minimum of 2% daily!