Continue aggressively using cash at this cheap valuation to buy back shares! There is no reason for the 133M on the books to just sit there and get nothing from the banks. This 1st quarter should give us another 200M or so in cash if not more. Use the cash!
Buy back shares or declare a special dividend(that will really hurt the shorts). But 18 months ago or so, you liked the stock at 72 and initiated the first 100M to buyback. We are now through the worst of the last two years, clearly not a fad, and printing cash like nobodys business. Use it to continue to buy back and retire shares at what in 5-10 years from now will be such a ridiculous valuation.
Warren Buffets formula for figuring out the value of a company is Present Value-Future Cash. With 290M cash/debt turnaround from q3 to q4 alone, this company could buy itself whole in about 6 years. LET's GO MANAGEMENT. Payback time.