Strong Buy
Re: The effect of cutting dividend - FTR: 7.59+0.59 (+8.39%)
I think it's more the performance of the company, not just the dividend. FTR and WIN have some serious issues they need to get through, see where their debt is trading at, they needed to cut.
DIN cut their dividend, the payout was too high, but the stock moved way up after the performance started to improve.
If our integration goes well, FCF improves, maybe the consumer side stabilizes, maybe revenues show they can grow a little over time - the stock would do great over time no matter what the dividend would be set at.