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Cash Store Financial Services Inc CSFS



NYSE:CSFS - Post by User

Comment by soberinvestoron Feb 24, 2012 4:26pm
173 Views
Post# 19582714

RE: Some Insider Buying

RE: Some Insider Buying

Something tells me this gradual SP slide means that the dividend is on a chopping block. They gonna need money to pay, as I think insider, high yielding bonds. Everywhere I hear companies issue bonds at around 6% unsecured giving convertibility as an icing on the cake. These guys just shot two birds with one stone. 1. Taking profits private via high yields, and 2. Ensuring their voting power. As I said previously minority shareholders got left with an empty shell and meaningless voting power IMO.

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