Sorry I thought I should add this. Run a 10% drop to earnings scenario and you will see that SUL is trading at 10 times earnings. Actually almost exactly 8-10 times earnings and this is probably what the market expects. However, we may not see the dividend cut with a 10% drop in earnings and that may provide some support to the SP pushing it back up a little. At this point this is all speculation. Lets hope they have a flat result and this will go back up in a hurry.
SUL Price at posting:
$6.38 Sentiment: Hold Disclosure: Held
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