$.06 eps Q! was a bit pathetic. Looks like a $5 to$6 stock now.
This whole thing starting with the first special dividend and then the second special dividend was
1. A bonus to the insiders who held about 2/3 of out standing shares
2. As you say an exit window
You could be correct on the $5 - $6 or maybe even a bit lower. Time will tell.
With all due respect it does take a bit of twisted logic to try to turn a dividend into a bad thing. ;)
Forward P/E = 30.54 at $7.33 pps. The insider offering at $5.25 per share was good for sellers & brokerage house commission only.
Fair price to pay is $5.25, would be buying with a forward P/E of 20.