TeamTalk shares slump to record low on lack of dividend, earnings downgrade

Mon, 13 Jun 2016

By Paul McBeth June 13 (BusinessDesk) - TeamTalk shares slumped to a record low after the telecommunications network company downgraded earnings guidance and said it won't pay a final dividend this year as its 2012 purchase of rural broadband provider Farmside continues to suck up capital. The shares fell as low as 48 cents, and were recently down 18 percent at 49 cents, adding to the 11 percent slide on Friday when Wellington-based TeamTalk said second-half earnings hadn't met expectations. The stock rose as high as $3.20 in early 2013,...

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