RE:RE:RE:RE:Family DayTheBridge wrote: That would be 72 cents a year, I'm still having a hard time waiting.
$0.72/yr is manageable after:
- Debt target met, likely within 6mo
- Most of NCIB activity exhausted, sellers given up
- Revenue growth delivered each quarter
- Ideally profit margins getting stronger, will be tough with rampant inflation
- No other productive uses for free cash flow
That's when you'll see a full dividend.
As for timing, could be months, could be a year. We won't know until we see Financials and can confirm that NCIB has faded out.
Dividend would be nice but the real hidden gem for all of us is GH's share buybacks. The more shares they can buy now, the higher out share price will be down the road.
Kasking would warn us all, "Hurry up and wait!"
Q4 out within 3 weeks.
Let's have a look then.
Each share you get today is like buying $1 for $0.66.
Buy as much as you feel comfortable carrying.
Alberta-linked GIC.
Not risk free but pretty damn low-risk for 50% upside and then some.
We all miss a full dividend but the team here will know that dividend hikes are discussed after exhausting the NCIB.
Just one of those times when us shareholders have to trust that the founders are going to make prudent business decisions for the company, for themselves as biggest shareholders and ultimately for us, the gang of patient value investors who can sit tight and wait for the fireworks.
Follow the legends:
“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.”
— Jesse Lauriston Livermore