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Technology Stocks : Infinera
INFN 6.6400.0%Feb 28 4:00 PM EST

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To: Tartuffe who wrote (3483)3/18/2018 12:50:42 PM
From: inefficient1 Recommendation

Recommended By
Tartuffe

   of 4443
 
CTL management have stated, on no uncertain terms, that they are committed to the dividend. Then they all bought a bunch of stock. I highly doubt they are going to cut it now. Numbers all seem to work:

8.85 op cash flow
-4.5 (dividend, interest, tax)
-3.8 cap ex

IMO, as it becomes clear there is no dividend cut coming, the yield should normalize to around 7% +/- 100bps

Long both CTL and INFN
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