Hey folks! The officers are making plenty of money with the stock buy backs. Let's eliminate future buy backs and cut back on their stock grants. Instead, let's declare a $0.10 per share quarterly dividend. This would give us an 8.00% yield on a $4.00 share price or a 4.00% yield on an $8.00 stock price. This dividend would represent a roughly 30% quarterly payout based on estimated 2012 earnings of $1.39 per share. Traditional valuation of stocks is equal to the present value of stock dividends discounted back at a fixed market rate. Since rates are so low, it only makes sense to initiate a cash dividend at this time to increase the share price. JMHO. Comments? Bueller? Bueller?
I'm banking on the hope that they must not...it just boggles the mind that they would open the door to let someone steal their ideas and lifes work for relatively short money....They do have capital to defend if need be but they better wake up!!
Because the bafoon Plchone constantly berates people who believe in fundamentals. Maybe you should review her history of postings on this board. Does that answer your question?
Hope you didn't lose too much of your WIFE"S money when you threw her overboard.
This talk about dividends is way off the mark. A dividend paying company, in effect, is declaring that although we are a cash cow, we don't need that cash to pay for future growth. If you want a dividend, go to colgate or P&G or coke etc. Those are solid companies paying dividends. If you invest in High Tech growth companies, there is no dividend. Paying a dividend would mean acknowledging that we the company is not going to grow.
This is a temporary lull. This stock will be back above $7 soon (3 months at max). The company is just being punished by the analysts for not meeting their numbers. Regardless of what the company earns, the analysts don't like surprises (especially negative ones).
The Mutual Funds should push for a cash dividend. They have the shares (107% of the float) to influence the company to initiate a cash dividend. Otherwise, we should clean house on the board of directors at the next election. When they solicit your proxy votes, just say "no" to all directors' election. We can toss out the whole group!