They reaffirm outperform and raise price target to $7. If anyone has a copy of the report, I would really appreciate it if you could email it to me. firstname.lastname@example.org. Thanks.
Dividends are great but not the only answer, same goes for buy-back great but not a fix all, and the third op is: Keeping some cash on hand for expansion, down turns etc So I suggest this.
Buy back some on dips only ; then also pay out a small dividend but then that would propel the PPS possible so limit the div. to a once a year pay out, buy on dips and hold cash in reserve for the rainy days and expansion/developements.
Easy and very professional way of doing business.
1) It strenthens the company - Cash reserve.
2) rewards us shareholds a little that have placed our money into their hands.
3) Taking shares off the open market allows for PPS to be more valuable /and Please don't start to issue lots of options on shares as it is a dilution and can only be stopped by the buy-back play. (No-share Ops, I would rather see a cash bonus paid on preformance rather the share ops. IMHO
If you knew anything about investing at all you wouldn't say dividends are temporary! Jeremy Segal has done a 30 year study that proves dividend paying stocks outperform stocks that don't pay a dividend.