RE:RE:RE:Buy back or dividendTheir dividend amounts to approx ~$15milUSD per year... Although I don't disagree with you, cutting the dividend now would give shorties more ammo that this is a 'distressed' Company... What they can't afford a messily $15mil dividend anymore? At this point, they should stay the course. No matter how the spin a stop in the dividend, it will likely be viewed as a sign of weakness (at least in the short run).
WillyWally wrote: I'd personally focus all available cash on the debt first. Forget about dividends and share buyback.
CNInvesting wrote: It's actually a crime that the company is paying this pointless dividend right now instead of buying back its own shares when they're so cheap. It makes absolutely no sense.
grox01 wrote: I would like to see CXR switching the dividend to buying back shares on the market when the p/e is under 7.
I believe their is great value for the company to buyback it's own shares at great discount.