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Unfortunately, Yahoo now has a message board for TLK and these guys are speculating how it would be a better buy at 5 maybe 4 even though it was a buy at 14. Once the MM and traders get wind of the sentiment concerning pain thresholds it will drop further. I wish I had sold at 14 plus and was buying back at these levels.
It is a shame that they can't get their act together in Asia.
Unfortunately, it doesn't matter where on the Web something is said it is logged in peoples minds. It all comes down to Rumors and the fear that somebody knows something you don't.
Remember all the press concerning chat rooms and how they have found people to trade on comments made out on them reguardless of their merit. Look at James Crammer TSCM and how he fell for the Pairgain story of a buy out created on a fake Bloomberg page at Angelfire that was linked in a post on Yahoo. If this doesn't give credence that the experts or their staff members cruise these sites then I don't know what does.
In this case it isn't the real guiding factor but it contributes to worry and some of the selling.
I just thought it was funny to consider a measly 1% dividend to be handsome. Maybe if TLK drops back to its 52 week low below $3 the dividend would then be appealing to new investors. But even 3% is low for what is basically a utility stock.
Yahoo shows the dividend as 1%. What would the point in a 8% stock dividend be ? If the company does not have the cash to pay a cash dividend, then why bother issuing a dividend at all. All a stock dividend does is dilute the earning per share by the same amount as the dividend.