RE:Q1-14 Cash Flow EstimateNamsoc,
As always timely detailed estimates, bravo! I was looking over my far less detailed post on March 26th and found that I expect more like $50 million of cash burn after a $.35 dividend and $.60 in capex. Regardless a great financial result and one quarter closer to having huge capex behind us.
The big question is, when do you think COS will begin increasing the dividend? Could they bump it up 5 cents this quarter, and let that run for a few quarters? I think the market would like it as it shows confidence in the rest of the year outlook without putting much if any additional risk to funding future capex. It is also consistent with distributing excess cash flow, and essentially releasing some of the cash held back from earlier years.