Looks like we can pay $50m in dividends per year, with that amount growing by the amount of free cash flow we generate as long as leverage stays below 7x. This is the first and needed step to get equity friendly.
Thanks for your insight, that is good stuff. I am in all cash right now, waiting on the cliff to settle out. Looks like we have some more downside left in the markets. If we can get a little pullback in TVL I'll get back in. I'm looking for SBGI to pull back also. I still think we have a 4 or 500 point drop in the Dow coming before it's over.
I've been out of the office for a couple of weeks, I'll get an update on pacing dollars for 1st quarter when I get back. Last I looked it didn't look good but that may change as soon as our bumpkins on the hill get something ironed out.