RE:RE:$50 million buybackA real head scratcher, thought this could have taken off by now. This seems all well planned, eliminating all debt, buying back a bunch of shares (again), conveniently at a low (well timed) price. It looked like RBC was trading it down. Pension plan getting payed in advance.
We still have a revenue decline, which should stabilize in the next 2 quarters or so.
Next May probably see another dividend increase to boot. Wonder how much that might be? Such a low payout ratio.
This stock price can't stay low forever, something will eventually have to happen. It seems to me the stock price was intentionally kept down in order to takefull advantage here, Mr. Eckert planning his retirement like a pro.
JMHO.