RE:RE:RE:4.2M sharesTotally agree! $5M per month saved in dividend payments that can be used for more share buybacks until the 2% tax kicks in and then they switch to debt reduction as that is when it starts to come due.
Perfect timing.
GLTY and ALL ARX LONGS
Farmer12 wrote: The Q3 earnings report stated that ARX had bought back a total? of around 91 million shares at an average price of $15.12 a share. ARX paid a bit more recently for the last 4.2 million but overall they have greatly reduced the share count and the quarterly cost of dividends, by about 4.5-5 million $ per month. This continues a virtuous cycle so that in the next downturn they are not at the mercy of heartless banqueros and retain their status as predators and not prey.