i had some discussion with my friend and here are the points. i bailed out way before its 5:1 consolidation and before it slumped further. - true that it is heavily undervalued with hard asset and cash backing but: - warning signs started in 2013 when it was paying out double its earnings as dividends. Most probably the boss himself did not see this oil crisis and he thought that he probably could ride it out with so many years in this industry and with the company's long history, moreover its new property was coming up and rental income could bolster its cash flow. But the oil crisis hit hard and the property market, industrial one which it was in, caused a double whammy effect. End effect is a 90% cut in dividends. This should be a clear signal to investors. -dividends are important to the investor. But we need ...