Well summed up Bull, once it dropped below the expected dividend value, people became very nervous. Another example of an unprecedented event in current markets. How could a stock go below the value of the expected dividend? Unless the market believed the dividend was not going to be paid thats how, which would remove the ONLY incentive for holding. But the company has said it expects to pay unless the board decides it is prudent not to. The company must make a statement of some sort.
TOL Price at posting:
$6.73 Sentiment: None Disclosure: Held