chicken or egg First, I think given what the co. has said there's a better chance that we will NOT see a divy increase this year. Assuming we don't we are approaching a 6% yield (at $18) on share price. Cash will go to aquistions.
What I'm struggling with a bit is what's going to come first; an aquistion or a T/O.
If they buy a water handling co.or similar the share price will take a hit;, on the other hand PSN is coffee money for a big co. who might want to take it out as a quick start in the business.
I still think the most likely outcome is a T/O but I'll be selling 1/3 tomorrow north of $16.50