RE:RE:RE:RE:National taken out @ $ 9.33. New high ComingI was around for many of the earlier deals that Paul orchestered. He always managed to make the numbers allow an increase of dividends through the deal. Once a deal maker, always a deal maker. At present his only currency is shares, either as straight payment as per the last deal, or by raising the cash component through a bought deal. My speculation is the latter strategy, as most sellers will be looking for cash.
If he does this along with the reintroduction of the dividend it will not have a lasting impact on share prices. Bought deals are always at a discount to market, so there will be the initial hit, but the dividend will quickly counter.
It would be good to see debt paid down at the same time, but Paul likes using other peoples money and seems to have signalled that he is happy with a $250 mil or so of debt.
BTW I did buy in to my own speculation and sold half my holdings in this rally. Only time will tell.