RE:RE:6x PE = 7.50You don't know anything lol that much is clear as day.
If they keep using the money from divvy cut saved, they could drop the leverage ratio into the low 2s pretty quick which a side effect would be a much higher PE ratio.....no need to buy back shares (tho that is a good idea when the debt is low/paid off)
CP Rail has been stuck at 6B in annual sales for 5 years............their stock price went from 30 to 300 on cost cutting. Rev growth is nice but not required (especially if you aren't paying for it).