TSX:STB.DB.A - Post by User
Comment by
smcapinvestoron Feb 24, 2015 12:58pm
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Post# 23459502
RE:STB management
RE:STB managementThey have to issue shares because their leverage has grown too large. And why is that? Because they pay a dividend they don't earn with debt. And now there are more shares outstanding, so greater cash outflows which will require more borrowing. They are playing a game and every investor should run.