RE:RE:RE:QuestionI don't understand your logic. If they did this again in 2023 with $100 million at $12.58 and again in 2024 there would only be 9 million share out. Based on $2 per share yearly profit in 2022 on 26 million shares, and assumming stable revenue and margins going forward (a big assumption), profit per share would increase to $5.78. I can't imagine shares still trading at $12.58 or p/e of 2. If they are I will be a big buyer, especially at stabilized profits.
The real question is not this special dividend, but rather can this company actually stabilize and eventually increase revenue and margins. If it can the shares will be worth a lot more than $12.58.