Sounded like Management was playing down the advent of it, saying that it's a more complex issue than most realize. So I guess those of us who had hopes of seeing a restructure of the company that would provide a dividend to shareholders may be a long way off if it ever comes to fruition. So I guess we are going to have to do with the current Policy on dividends for some time to come. There was practically no reduction in Tax Asset balance during the 1st qtr.
I agree with this assessment, but would exclude the phrase "if it ever comes to fruition." It will happen at some point. However, Wilkus slipped up by mentioning a possible restructuring by consolidation of operating companies (reporting) several quarters ago. While possible in theory, it just isn't realistic for ACAS in terms of time and money. Hence the backing up on the conference call.
IMO while ACAS keeps doing what it has been doing very successfully, it needs a couple of quarters to formulate and communicate a clear and realistic plan for its future.
***IMO while ACAS keeps doing what it has been doing very successfully, it needs a couple of quarters to formulate and communicate a clear and realistic plan for its future. ***
I believe they have formulated their plan for the future and they have communicated that plan to us and that is why we have invested in ACAS stock for the past few years. Some people disagree upon occastion when a bump in the road occurs creating panic selling and tremendous opportunity to those that keep their heads in times of "perceived uncertainty" I am a buyrer at these levels.