RE:RE:RE:RE:More bargains!
Oasisjunior wrote: Cardinal still has a lot of debt which im sure they want to repay,,,,, I really can't see the divy being reinstated in may 12/22........... keeping in mind this divy was 0.015 (Penny and a half) My opinion is the divy will come in in third quarter.....
I hink you've bumped your head ? Once they reach their 100 million dollar debt milestone (already done) they say they will applying half (50%) the money towards a dividend and the other half towards debt. So let's say shareholders get 7c right off the bat. That would mean 100 million debt (which it's less as of today) would also get a treatment of 7c per share per month !
So with less than 100 million debt at an average 10 million per month going towards it, you feel 10 months (less than that) is a lot of debt ? Is that you again Larry ? Are you working for RBC now fish lips ?
Phase Two: Deliver direct returns to shareholders
Upon reaching our Phase One Bank Debt milestone, our Free Cash Flow will be allocated, 50% to further Debt repayment and 50% to a regular monthly Dividend.
We are at this stage now and overdue some love! Wait until all of the debt is paid off by March 2023, what will the dividend look like then ?