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Fresh Del Monte Produce Inc. Message Board

  • hyulpy hyulpy May 14, 2010 6:55 AM Flag

    I'd rather have a dividend than a share buyback

    What is management thinking? These buyback programs never seem to payoff. Its supposed to signal management confidence, but in this case, I think management just wants to increase its ownership % of the company.

    You can spend a dividend or save a dividend, but the buyback is just a waste of money.

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    • Thank you FDP management! My prayers have been answered. The 5 cent dividend has been reinstated! Not as juicy as the 20 cent dividends in the past, but its a step in the right direction. FDP is running out of debt to repay, so they'll have to find something to use their cash for. I bet the 5c dividend will be increased after a year or two.


    • Senior mgmt did sell some 12m shares at around $29 a while back. If they want back in, that would be a bullish sign I believe.


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