RE:RE:RE:ARC management discount....You're right, Quint, and I meant to say POU lol.
And I just watched Eric's segment on BNN, which proves how much of a clown MHP is.
What did Eric say?
- Great management
- Extremely well-run company
- Excellent stewards of capital
- ** He admitted it was a mistake not buying in at the mid-teens when he had the chance
- Instead put his money behind VET, which got smoked after the UK windfall tax
- You will want to own this in the runup to 2025
I say you should own it now after looking at its trajectory, but that's just me.
Just say no to day-trading clowns with hate-ons for perfectly good management teams.
Cheers and GLTA ARX Bulls.
Quintessential1 wrote: He does not post on the TOU board Trapped. Know why?
Because he doesn't own it and isn't buying it and knows it isn't as good an acqusition as ARX shares.
The last time TOU traded at 52 week highs was .....52 weeks ago.
Their share price bumped with the special div and then dropped right back down again ex-div.
ARX is trading at 52 week highs ex-div. In fact there is no ARX div even announced yet!
ARX management is doing the things every other company wants to do.
Paying down debt (Arx max debt is 3.5% due in 8 years...great deal) and keeping it down so that those high double digit interest rates everyone else is paying to maintain their revolving credit and net debt does not affect them. I would not be surprised to see ARX reduce their revolving credit line again. They just do not need it.
Building infrastructure. Yeah it costs now but it pays in low cost production and asset accretion later.
Increasing production. Sorry if that pesky cap-ex is getting in the way but it is more than paying for itself and the bills that come with it.
Buying back shares. Organically increasing EPS and decreasing dividend payouts simultaneously.
Increasing dividends. As the share float decreases management increases the dividend to the tune of 183.33% since the VII merger and that is just for ARX shareholders because before the merge VII shareholders were getting squat and I can't calculate a percenatge increase for them.
No wonder he wants to try and buy ARX shares again. BTW he isn't buying TOU and not buying more POU or CR or NVA or AAV and only one of those is trading as close to 52 week highs as ARX is but not one has made 52 week highs in under 52 weeks except ARX. ARX made 52 a week high this week.
GLTA ARX BULLS
Trapped wrote: Forward-thinking, disciplined investors will still be here in 2025 to reap the rewards. Just like we are now.
With a cost average in the mid-9's, I'm not overly concerned about anything an erratic day-trader with ADHD has to say.
Go back to the TOU board, you whiner William Leakey.
MyHoneyPot wrote: Tou can do deals like buying bonivista and it is accretive to cash flow, and they don't have to wait for some anual event to provide the shareholder return, they announce a increase in dividend and a special dividend.
Arc shareprice is so depressed, that they can't buy assets that would be accretive in value, add to corporate cash flow and allow them to increase the dividend outside of their aniversary date or god forbid issue a special dividend.
Now you heard it from Eric come back in 2025 when they will be able to pay shareholder, because look a that capex spend, and look how far the retruns are out into the future. I wonder if they really take into consideration, Time, Value, Money and Opportunity cost. Likely not.
A boring dead horse highly undervalue, but with nothing to get excited about.
ARX needs new management, and a stragegy that really pays shareholders to stay around, and creates share holder value.
They failed on both fronts, the next hedging loss will be currency, everything management does is a disaster.
IMHO