Completely agree that it is a reasonable course. But I'm going to stubbornly hold on to my shares until they announce the dividend plan, which I believe is supposed to be in the next month or two. There may be nothing logical or rational about this at all. I don't think it necessarily means they'll be reinstating the dividend soon, but just announcing the plan. This could cause a significant move in the share price, which could be up or down.
I haven't done a ton of reading lately on the situation, but iirc, the actual amount of the misstatement shenanigans was not all that large. And they still hold a lot of great properties and have actual revenue. I am hoping that the announcement is reasonably ok, and that it marks the beginning of a recovery in the share price. If that happens, I'll either get out as the price improves, or I'll enjoy the reinstated dividends. If that doesn't happen, I'll be one of the last suckers out the door at an even worse loss than I have on paper now.
I know, "hope" is not a strategy. But this was never a large or core position for me, and I'm going to allow myself the psychological weakness on this one.
EDITED TO ADD: But yes, I've also learned my lesson from this one. Only top-quality for me from here on in!
I haven't done a ton of reading lately on the situation, but iirc, the actual amount of the misstatement shenanigans was not all that large. And they still hold a lot of great properties and have actual revenue. I am hoping that the announcement is reasonably ok, and that it marks the beginning of a recovery in the share price. If that happens, I'll either get out as the price improves, or I'll enjoy the reinstated dividends. If that doesn't happen, I'll be one of the last suckers out the door at an even worse loss than I have on paper now.
I know, "hope" is not a strategy. But this was never a large or core position for me, and I'm going to allow myself the psychological weakness on this one.
EDITED TO ADD: But yes, I've also learned my lesson from this one. Only top-quality for me from here on in!