If management were to borrow another 200M(I'm pretty sure they would be capable of doing so( they would be able to give shareholders as much #$%$share in dividends. So if they borrowed just 100M more to do so, they would be able to give up to $2.50. Just 50M is about $1.25/Share.
I think they should do it in all honesty as well. The bigger the special dividend the better. It would cause massive short covering and massive buying for those who want a piece of the free money.
It would make our balance sheet look awful for the next couple years, but the product is clealry selling and this would send a tremendous mesage. I'm all for it and it seems to be very doable.