RE:The Real Issue with GamehostInsighful TLV. Capital allocation is all about putting as much as possible into the pot to pay all the bills, make debt repayments, remit and pay various taxes based on what they do and where they do it, then from what remains allocate among reinvestment into growth and endeavor equity, reduction in fixed costs and overheads to create increased margins and cash flow flexibility, and payouts and distributions to shareholders and stakeholders. Your list encompasses this all.
The past few years we have seen much of everything, so IMO stressing share buybacks while undevalued definitely improves per share values, as is the investment in facilities, the recent Deerfoot ownership boost, but it is a balancing act.
You have done your the management history and have an informed opinion and some strategy in mind that suits your agenda, but the Board has to balance all shareholder needs\wants\aspitations for their investments.
My selfish immediate want is a doubled dividend, but I don't mind waiting for more shares to be bought back before that happens. How long I am happy to wait is another question.
I've been clear I'm here for yield and that double will give me 10% annually paid monthly which I am reinvesting systematically in my RRSP and TFSA. I'm not selling so the capital gain means nothing.