RE:RE:RE:RE:Net cash from Operations 2022"who could have expected a dividend after restructuring. It would be stupid" You nailed it sir. As I said before earnings, investors want it all and a cake with a cherry on top. These guys just emerged from near bankruptcy. Covid hangover lingers, recession risk rising, Saudii's tightening the taps, sticky inflation, madman Putin still on the loose... so many micro and macro events affecting markets right now. The dividend talk here was irresponsible and mostly a lure to draw in dumb money.
splurge wrote: I agree with you. They reported $83.5 mln operating cash flow before income tax recovery (-$31.7).
Before working capitol changes is Ali interesting way to look at it too. That would be $7.994 mln plus non recurring income tax recovery of $31.7 = $39.7. That is amazing compared to most years from 2007 until now. Have not looked back farther.
who could have expected a dividend after restructuring. It would be stupid. Many have taken a hit including landlords. They probably have not spent cap x they should have because of Covid and lockdowns and also I under trustee during the past few years so let them sit with the cash for a bit. Maybe special dividends down the road my guess over a minimum cash reserve threshold.
splurge