LongsI'm satisfied with the quarterly results and particularly happy to see the debt being reduced at a steady pace. We still have a ways to go to reduce debt to a level that has the market accepting it as manageable and supporting a higher share price as a result. This process is taking longer than most longs anticiipated and there has been a lot of shareholder unhappiness as a result.
We still appear to have a number of people who are completely unhappy with the share price, the level of the dividend and share buybacks. It's a free market and so I don't understand why they have not sold their shares and moved on to companies that pay a higher dividend, have had the share price move up substantially and are buying back shares. My choice has been and continues to be in this for the long haul.......they are slowly climbing back, they have made progress in improving efficiencies, they have bought some pretty valuable assets, they are making steady progress in reducing the debt and eventually, eventually the share price will move up along with the dividend. I'm willing to wait, for those that are tired of waiting find something else that you think will provide you with what you want and sooner rather than later.