RE:RE:RE:RE:RE:Two outta three aint bad .......The reason that the stock price dropped to 40 cents in last year's economic climate was that the cash flow to debt ratio was way out of whack due to the severe drop in oil prices. CJ's Management spent most of the year fighting with their bankers and staving off bankruptcy. Now that they are cash-flow positive once again, I can understand why they are debt-averse and are iniitally interested in driving debt levels down much lower than where they are at now. That will give them a lot more flexibility going forward as well as some much-needed stability if oil prices return to lower levels.
Paying off debt will be as beneficial to the share price as if they were to start paying a dividend again. Once they have brought their debt down to more manageable levels, I believe they will restore the dividend. Until then, I'm glad I bought more at $0.50 and I'm prepared to wait for even better things to come. .