Passing through $5…Let's see if we hold the day above $5, if we do the margin rate will the 70% going forward...
Seems like most of the major players are boosting thier dividend rates or starting/restarting them, Hopefully CJ management makes a good announcement.
I've seen a few posters want further debt reduction rather than the div, I think a combo of the 2 is the best way forward, start the dividend at a rate that makes sense and further leg down that debt.
For the most part corporate debt isn't usual too expensive unless there are buisness issues, if I'm fine paying 5-6% interest and the use of those funds will get 10-15% growth it makes sense. As long as the cost of borrowings make sense I don't care much to be debt free, if the debt stays in a comfortable area I'd be up for making more acquisitions at anytime, we just don't want to leverage ourselves back into trouble as mentioned before.
I was waiting to see the earnings news all morning, guess it's after the bell... I wanted my Bacon and Eggs to taste even more amazing while reading I'm getting paid again from Cardinal lol