The old RGR of the 1980's rested on its laurels and produced a nice large dividend. RGR became a kind of stalwart stock. The dividend was nice, but it was too big and it was a drain on the company.Eventually, RGR's laziness caught up with RGR and RGR's stock price began to steadily decline.
The new RGR is a 21st century company that can't afford to rest on its laurels. RGR has had to turnaround and get back to its roots of being a lean, mean, dynamic, growth-oriented company. To do so, RGR has had to cut the dividend, let go of ol'Bill jr, sell off nonproducing assets,improve its products and expand into new areas of profitability.
Since the new mgt. has come aboard, the stock price and profits have steadily increased. Perhaps RGR will again issue a dividend, but at this point I want fundamental growth - not a dividend check. When RGR's stock price rises to about $30, then perhaps it can start resting on its laurels again and handing out dividends.
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