I always squirm when I read about insider buying. It is so easy for them to hike the price a few cents, than make like bandits....Wall Street smiles on this behavior, and theft from shareholders happens all the time. Watch Maggie run!
If you read all the posts on this thread you realize she does dividend reinvest. In 6 years time she will double her investment by doing nothing, or play the stock for a quarter or dollar now? Not likely. All insiders sell occasionally to cover any options because you owe tax at issue price. Nearly all of Maggies transactions have been transfers to a joint family account, her hubby is not stupid.
Do not earn their dividend? Eps. is a number, an accounting number. It is a greatly manipulated number. There are tons of things that are credited to it, and subtracted from it. Depreciation for example, it is a valid expense, and gets subtracted from eps. The real earnings is FCF, and FCF/PS. That is the real cash that is left over after paying all the bills, unlike the eps, which for all companies is a contrived number. Real hard to manipulate FCF, not so with eps. After the Dividend the company has 29% FCF left, and that number is targeted to grow to 39% or greater next year.
Yes they had a tax break last two q's, so big deal. It would have barely moved the FCF % it may have brought the eps. down a penny or two, but the eps., is not a true measure of much. I know of companies that show an eps, of .16 for example, and zero FCF. So how much cash did they have left at the end of the quarter? .16 per share, or zero? You got it, zero, the company broke even. Through accounting metrics they showed earnings, when they went to the bank, they had nothing to deposit. No so FTR, they deposit a lot of money.
I believe that total of shares includes her un-exercised options. I thought I saw that after her last purchase of 48k shares that her total for shares owned was about 1.3 mil with another 900k or so in option stock.