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Bob Evans Farms, Inc. Message Board

  • BRIANHUNT51 BRIANHUNT51 Feb 19, 1998 11:31 AM Flag

    footnote to 189

    one other thing assuming a 2 mil rest inv and a corporate tax rate of 30% then the irs is helping pay for that rest since
    the co gets a tax break of almost 600000 thus the rest has only cost us 1.4 mil If BOBE spends the 2 mil buying back the stock
    there are no tax savings If BOBE gives us the 2mil in div(cash) then we pay taxes Shareholder value is best served by reinvesting
    in growth Cash divs are nice and should be ever increasing in my opinion This helps build a floor under a stock price Its nice
    for us shareholders to get thrown some crumbs along the way that keeps the wolf away from the door while we are building value

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