For those following the $HE situation: Amid a pullback after the Lahaina disaster, news came out that the dividends will be halted and it dropped from $12 to mid $9s. Jumped back to $10.30 on Fri, then fell back to high $9s. Anyone playing this long for the bounce back to $30, thoughts on the bottom? Is $9 it? Or can this realistically go to $5?
Another fact, Blackrock owns the largest stake in this company at 9 million shares. Are they really gonna let this keep falling?
Leave a Reply