Dividend vs Share buy-backI am a great respector of your opinions Quint, but you assertion that they should only use a NCIB when share are at rock bottom doesn't really work because how would one detrmine when that was? Would it be the lowest price in the last trading year? The lowest price ever? If the SP hit $35 and the sank to $30 would that be it? You see what I mean?
With respect to dividends I know the company is reluctant o get into paing them in case they have to retract and have the resulting sour taste that lingers with investors (Like you and I) and the analysts for years aftewards. But maybe a formular that is based on a % of earnings per year in arrears. That would reward those who had held the shares more than new buyers,
The thing that scares me is the prsopect that they may decide to take the company private!