Probably yes, but not until they use up their ordinary and capital loss tax carryovers. The timing of that is uncertain because investors cannot predict ordinary income and realized capital gains with any certainty.
If the stock were to run up to book value, then they said they would consider paying a dividend even if it is still a C Corporation at that time. However, the stock is not likely to do that until they do pay a dividend. So expect the stock to trade at a discount to book in the meantime, and drift upward as book value increases.
So, in the short run it is a growth stock. Maybe some insight will be provided by management on their next conference call next week as to their future strategy.
Well"the company" is using our money to buy back those shares, otherwise we would should be receiving a dividend.
What I need to know, is of fast they are burning through the tax right offs which coincides with operating income. Other than that, I don't need much.
ACAS will be a dividend stock in 2014. It is not today and will not be tomorrow a growth stock, but any stock trading at 2.7X earnings is worth buying if the company is not headed for bankruptcy. ACAS flirted with bankruptcy, did not enter it, will not now.
This is a growth stock? In the last few years the stock price has "grown" from $40 to $12 and the dividend has "grown" from $4 per year to $0.
God save us all from such growth....
Sentiment: Strong Sell