RE:RE:RE:RE:RE:Breakdown of share buybacks since January 2022I respectfully disagree. A dividend cut provides bang for the buck for one entity the comapany itself and not necessarily the most bang for the buck.
What needs to be remembered here is that for every share bought back and cancelled the dividend is not paid. Couple that with the fact that the share price is trading at lows not justified by the balance sheet and CJR becomes a bargain that should be gobbled up with a high dividend payment cancellation to bbot. Also do not forget that the company is not paying all the dividends. Shorts are required to pay the dividends on shares that they are shorting so the company is not responsible for those paymants at the moment.
Warren Buffet is attributed with saying everyone wants to buy low, until it is low. This sentiment should not just apply to investors but companies too. If mangaement really believes that what they own is solid, secure and will regain it's proper trading price, then they should be buying back shares as much as they can while they can at a 2% tax discount to 2024. Given the dividend it is more of a bargain for them then it is for us.
GLTA
Puma1back wrote: I would suggest the biggest bang for the buck isn't buybacks, it would be a dividend cut - just that the reajlting bang would be a hugely negative ban. So they should be stopping the buy back's regardless the current price unless they absolutely know it would not impair the dividend stream
toppgunn wrote: I'm sure the best approach on
review of the company takes into consideration of all those indicators ib annual basis e.g. interest payments, debt repayment, dividends per year at .24, share repuchase buybacks. The company must take review of revenue streams and implementaion of new streaming platforms e.g. Pluto TV. Hence, all these variables have an important part of the whole picture and must take into consideration which is the most important at the present state or in future outlooks. The share repurchase would have the biggest bang for your buck as at the all time low for the year, but then on the flip side debt/interest/dividend/revenue stremas are all intertwined. With all that said, company able to reduce the share float by about 5% YTD so a big win in that regard. Debt repayments are a big part of picture and need to be able to keep it the same or smaller going forward. As mentioned, management has been very prudent on their financials the last few years since the dividend went to .24 from considerably higher from years past.