The stock is down. $4.00 so the next stop will be $3.70ish. It's...

The stock is down. $4.00 so the next stop will be $3.70ish. It's not all bad news. Will the dividend be cut? Not necessarily. Many high flying stock post-gfc are trading with huge yields.

Toll's debts are well under control. The business is stable. Yes write downs are coming. I doubt they'll be a capital raising. The cancelled the drp. So they don't need cash.

I think there's a lot of end of financial year tax selling going on. Plus the carbon and other issues. Also the fact that negativity abounds on this stock probably means it will rebound (because no one expects it).