to sell or to hold?

Hey All,

While I can applaud the management of ILF for taking the prudent measure of bolstering their balance sheet during these troubled times, their nixing of the dividends for the next six months kills pretty much any reason for holding them (cost of carry, etc).

The question now becomes, now that this news has become public, has it already been priced in and will we see a slight recovery in the price? aka. Is it worth holding out for this rise (if it materialises) possibly until the resumption of dividends, or better to deploy your capital more productively elsewhere?

Thoughts?

IC