FOX IPO Success Should IMO Boost Distribution to $1.60+/Yeats
Hey, when you offer FOXF stock at $15/unit and it soars to $19.53/unit the buyers are delighted and CODI mgmt scores a bonus. Now, the CODI unit holders deserve a treat...let me suggest that the Q distribution be bumped to $0.40+. On an annual basis, that is only an extra $8million+/ year...and since CODI still holds almost $400 million in FOXF stock along with a $100+ million in cash from the FOX IPO there is plenty to invest in new companies and strengthen the balance sheet,too. With a nice bump in distribution the unit price should advance,too.
Bono, I sure like the way CODI is holding up, maybe since we didn`t get the distribution increase, we`ll get a end of year pay-out from the FOX funds. I`m not sure if they have ever paid out funds on hand in this manner, it would be nice. It would also be nice to see a new all time high, good luck to you & all longs!