RE:RE:RE:Deal has been Terminatedsubliminal23 wrote: I think the management was almost successful in their effort to take the company private and if Covid never happened they would have been. However, the only way they can extract more money out of this company at this point is to reinstate dividends. If they do, that stock doubles overnight. It shows a commitment to shareholders.
IYou are correct, without Covid, stock would have been floundering at $4-$5, a small premium would have been given and bewildered shareholders would have cut thier losses and tendered. That last earnings report really changed everything.
I think it will be a while before they reinstate dividends. They still have a loaded balance sheet with high debt. Not sure where they stand until earnings are released but I don't think they are within covenants to restart dividends. This would make a good question to management.In any event, you are correct at some point in the future this will start paying a dividend once again but debt has to be resolved first.