Though communication could improve...Some interesting thoughts from Carbonbull of late.
I agree that communication from management could improve. For instance, if you promise something (eg: div increase), then either fulfill your promise or explain clearly why you haven't.
Having said that, I don't know how much management should say about unrest in Peru or anywhere in latin America unless it has a clear, material impact on the company's operations/prospects. Any shareholder who does not realize the challenges/risks of doing business in that part of the world, must have inherited the money they're investing with, because they sure didn't earn it through careful due diligence.
Just look at where these countries stand in the international ranking of corruption indices. It is risky for any company, hence the discount in share price. I would love to know whether Polaris has been targeted for extortion or whether they have to pay mercenaries for protection at some facilites, but I wouldn't expect that to be discussed 'on the record'.
I simply hope that management's track record of boring, but consistent cash flow and dividends continues, and when possible, increases. In the meantime, I'm loving the income and enthusiastic about long term potential. By all means, though, let's hold management accountable for their promises.
Regards to all