RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Strange trading last two days!Not worried and by all means, keep me honest.
I have been known to stretch a fact or two in my enthusiasm for a stock and that helps no one including me.
I will say that I believe CJ's share price is trading at a pretty decent discount to what it should and will be trading at after they demonstrate revenues and FCF in the Nov 6 Q3 ER and an updated Winter production report and 2024 budget and guidance should boost it as well if WTI stays in the $90 range.
That would make buybacks an even bigger bargain if management believes like I believe.
Buybacks now while the share price is low and kill the debt in 2024 when the share price has moved higher and the 2% buyback comes into effect. It is the best use of capital IMO.
The dividend payout is great and sustainable at this level and can be revisited when and if they pay down debt in 2024.
It should go without saying that this is JMO and all others are welcome and encouraged.
GLTY and all
JayBanks wrote: Don't worry, my comment about people worried about debt and whining about what the company does wasn't really directed towards you, it was more a shot across the bow to the people that randomly pop up from time to time and throw those comments out there, sometimes I get in a ranting mood when set off.
We is good, we are regulars and our back and forths are usually productive to some degree lol (I believe we tend to agree on things most of the time and piggy back each other)
And thank you for finding the interest rate info, I knew I've seen the info on it and it's not a much as people think... It's the Bankers Acceptance rates that top out at 6.25% and the lending facility floating rate that starts at Prime +1.75-5% dependant on ratios (which in its current usual would be at the low end).