RE:RE:RE:RE:RE:Buy back or dividendYeah of course, every company that pays a dividend or buys back its shares is a ''potential short'' simply because you look if it's making the best use of the retained earnings or not. If the company isn't reinvesting in its operations, you HAVE to look it up so no disagreement here. That's a rather obvious thing to do though Lattice.
Lattice wrote: When I hear that a company is doing share buy backs I look at it as a potential to short. Just saying. And another minor point is that CXR doesn't have $ to buy back shares....
But I do miss the guy who usually comes on this board about now and says "hold on to your shares as next week is the ex-dividend!" .... LOL. Yah, who cares about capital preservation, hold on for the 7 penny dividend and maybe you can get a cheap bottle of wine.
wordless wrote: Their dividend amounts to approx ~$15milUSD per year... Although I don't disagree with you, cutting the dividend now would give shorties more ammo that this is a 'distressed' Company... What they can't afford a messily $15mil dividend anymore? At this point, they should stay the course. No matter how the spin a stop in the dividend, it will likely be viewed as a sign of weakness (at least in the short run).
WillyWally wrote: I'd personally focus all available cash on the debt first. Forget about dividends and share buyback.
CNInvesting wrote: It's actually a crime that the company is paying this pointless dividend right now instead of buying back its own shares when they're so cheap. It makes absolutely no sense.
grox01 wrote: I would like to see CXR switching the dividend to buying back shares on the market when the p/e is under 7.
I believe their is great value for the company to buyback it's own shares at great discount.