Earning are in US$ and most income in CDN$. The week Canadian $ might give them time. I hope no cute as I am long 1000 shares at average cost of 34$ CDN.
The reversal will be good in this case since earning and fundamental are good for tanker. The reasoning with the revers split is to get the price above 5$ faster to get back the institutional buying in. My humble opinion. Long with 4000 share at average cost of 2.42 since August.
POT has $3.8 billion in net debt, but has produced $2.5 to $3.5 billion in cash flow annually. Even net cash flow has been well over $1 billion annually. Last year interest charges were just under $200 million and cash flow was $2.6 billion. It paid $1.1 billion in dividends, so there is still a nice cushion, certainly a big cushion on interest coverage.
Should use the proceeded to lower debt.
I do blame myself for my choice an can leave with it. I Love the company and believe in the long run but so frustrated with the attitude of the market towards this company and the management performance.
I am not a big fan of buyback, I prefer dividend since I can use them to buy more shares. Buyback only look good on the balance sheet.
I think I have the right to complain since I am long Su since 2005 with holding 16543 shares as of today. By the way smoke salmon is much better. I like my lobster blue or on the gril!
Yet the stock finished lower again when most of the large Canadian producers finish up! Managements need to stop the buy back program. It does not do anything to long term shareholders like me. All the cash flow should be return through dividend only.
The same one that complain they are poor and yet don't want to work and take risk! And lose 100% of there capital buying lottery ticket.
It would be nice to see the high of 2008 within 2 year. Management should stop the buyback program and give all cash to shareholder through dividend. This would be a + to long term shareholder.