Slashing dividend, yet buying in shares? Is this even legal? I don't have it at hand but SYZ's previous communication certainly hinted that there would be no more div increases. That was disappointing. Then they hit us with a hammer and cut the dividend almost completely. I was shocked. Were they doing badly? Did they need funds for growth? No, no, they just wanted to buy in shares, so they did whatever it took to depress the price.
Is this a creeping privatization? I am so dang mad I think a class action suit would not be amiss....and I don't typically believe in those.