I understand why executives with large positions want to advance dividend income into 2012. Of course, the special dividends create distortions in the stock price. Stocks tend to run up into the ex div date and fall off thereafter.
Bad policy always leads to unintended consequences. For example, if WAG needs to borrow money to finance acquisitions, then issuance of a special dividend would render the company vulnerable in a downturn.
Much of the world is run by Socialist Governments. Their politicians love to take control of their critical industries, like banking and natural resources. Then, they milk their prey. They reward their trade union contributors. Productivity falls off and their industries become uncompetitive.
The American Socialists want to take over heathcare. They are losing union worker membership in the private sector. Unionizing our hospitals presents the perfect opportunity. I just can't wait. Every time I visit the Post Office, I can picture how successful this experiment is sure to be. The first step will be to strangle the insurance companies.
I think that WAG will fill a critical role because people won't want to wait in line for routine care.
Hopefully, the implementation of Obamacare will prove so unworkable, that a new private solution will emerge. There is no reason that private insurance can't save money by going to outcome based care. There is a middle ground.