CMTL - definitely hasn't worked out the way I had planned, and appears pretty evident the dividend will be cut.
Not sure what to make of it so I sold it all today. It may spike up on a cut.
It may also get hammered on a cut, so I took what I had.
They blew expected earnings out of the water, and 87,000 shares moved it up after hours. After their call
where they sure made it appear that a cut is coming, the sell off started. It appears to me that the dividend definitely carried the weight.
Depending on where the dividend lands, as even cut in half, last quarter didn't cover, I may reenter later.
Current dividend is 4x this years earnings guidance. I had thought they would guide higher.
Tax loss selling could make it interesting, but now that I have sold, maybe a spike up is more likely. :)
Babysitting day. I thought I might get out before the market opened, but had to come back at nap time to finish.
10/13/2016 13:32:04 Sold 100 CMTL @ 10.75 1,074.97
10/13/2016 13:32:04 Sold 78 CMTL @ 10.75 838.48
10/13/2016 13:22:07 Sold 167 CMTL @ 10.7501 1,795.23
10/13/2016 13:22:07 Sold 60 CMTL @ 10.7501 636.99
10/13/2016 13:22:07 Sold 45 CMTL @ 10.7501 483.74
10/13/2016 13:22:07 Sold 100 CMTL @ 10.7501 1,074.98
10/13/2016 13:22:07 Sold 100 CMTL @ 10.7501 1,074.98
10/13/2016 13:22:07 Sold 100 CMTL @ 10.7501 1,074.98
10/13/2016 08:32:33 Sold 250 CMTL @ 11.02 2,746.93 |
