blame mgt for loaded up the company in debt and building new vessels like they were i-phones. the stupidity of these clowns in such a cyclical business
so maybe the stock trades at such high vvalue based on Loon hype which seems to be pushed out after every qtrly report. so th company going to payout a dividend of 19 mil a year and fund 9 mil in cap ex and burn more cash buying back stock? if the stock went under 10 would say go ahead but to squander such large sums of precious cash at 18.3 shares price was just dumb.
all segments are falling. mgt has not done well squandering huge sums 29 mil of cash on overpriced buybacks at 18.30 a share and navigating the markets. now they talk of making acquisitions and maybe leveraging up balance sheet? these guys should be restrained so far they have not been impressive.
another idiotic move by mgt. They squander 29 mil on overpriced stock buybacks but now want to lever up and make acquisitions????? Get rid of these people already.
now lets see if shares go down to single digits if they buyback shares? i doubt it. typical mgt screwup happens across corp america all the time. they blew all the cash buying at high prices.
in hindsight? the stock was pricey at 18.30 a share. why would you spend nearly half the company's cash and be so aggressive buying back at a stock which was pricey? a absolute terrible decision to deplete cash levels when the share price as not cheap but pricey.
at about 4.75 mil a qtr and only 8.8 mil in cashflow operations q4 would say the prudent thing would be to suspend it. the mgt squandered 29 mil in cash buying back shares at 18.30. just an abysmal decision.
this mgt SQUANDERED 29 mil buying back shares at 18.30 a share. wow. they could not see how bad things have become. these clowns are out of touch with business conditions and have failed to anticipate.
for year 0.23 eps and sales down 41% with alot of hyping from mgt that 2017 things will get better. did they not say this for qtr 4 on earnings cc. overpriced pretty severly based on current and foreseeable performance. Mgt should take a pay cut to save money instead of firing little people all the time.
why does this stock trade at such a high valuation with the company faltering in all segments and no real boost to sales on the immediate horizon?
with thdividend at 19 mil a year and cap ex at 13 mil or 32 mil a year these poor performers better start cutting expenses . maybe some pay cuts would be in order too and NO stock options. the owners "shareholders" should not be the only ones to feel the pain.
since you did not see it you are to blame for poor performance. well new mgt has done very poorly as sales in all segments are falling. acquisitions have not worked well either. Until i see this underperforming mgt buy some stock not just using shareholders cash to over pay for buybacks then may consider a purchase. so far not impressed at all with this mgt.
all these years all this cashflow and all the compensation paid out and NO progress for shareholders?
Mgt still taking stock options? WHY? For what?
This poor mgt is now talking about doing some big acquisition. should they be trusted leveraging up the company? I do not think so.
first three qtrs of the year earned 0.20 a share. then mgt spends nearly 30 mil buying back shares at an avg price of 18.30 a share. what was the p/e at that buyback price? Pretty pathetic buyback execution. the stock has done nothing for many years and mgt is to blame and should be fired.
it is hard to believe they will be able to show any upward momentum in earnings this qtr. if anything probably just the same poor performance. how does this stock hold at these high valuation levels? would maybe have an interest if it fell down to about $12 a share.