BLC was also paying a 30 cents (7.5 cents per quarter) dividend in 2008.....just like SCGI which was paying more. After seeing what happened with SBGI when they announced a dividend, BLC might possibly do the same. However, based on previous cc's they appear to be more focused on paying down debt and reducing interest expense. However, I think there's a 25-35% chance they might do it.....if they are smart. If they did, we would probably pop above $10 in 1 or 2 days......JMHO. DaninFW
They can't pay down anymore debt. They only had $11m of bank debt left to start the year. Clearly they paid off that little stub piece left in 1Q. After that they only have bonds. The next due are ~$170m due in 2013. They can refinance this at anytime. They can either build cash on the balance sheet, return it to shareholders, or make acquisitions. Paying down debt isn't really an option anymore.