I think that the miniority shareholders need to make an effort to convince the board of directors to change direction as far as returing capital to shareholders. Raise the dividend, buy back shares, whatever the case may be.
i don't think the old man is thinking of going anytime soon.
i have talked to someone on the board. i think many of them agree with it and i think the son agrees with it but the old man doesn#$%$ unfortunate that he didn't step up to the plate when he had the chance a few years ago. we could have had book value probably close to 470 at the end of 2014 if they had bought some shares in.
he would be considered a wonderful ceo if he focused more on book value growth versus growth for growth sake and no capital allocation.
a dividend is all that i think shareholders should want along with the ability to buy back shares when the stock is cheap (like it is now).
40% of earnings should go to shareholders and the rest invested back into the company.