in responce to question on shareholder returns, the ceo mentioned ARch financial owned 55% of the ccompany, and that would impact things.
Any idea what Arch would have in mind. Believe me, if things unfold as expected in the first half of the year, debt will be next to nothings. And they will free cashflowing in the 40% range even with cap spend for upgrading fleet to duo. So the question is how aggresive will they bee with returns to shareholders.
I hate the idea of 5-6% dividend. Worst of all is specil dividends, as the share price falls by the dividend the day after it goes ex dividend. Clearly mega buy backs is what you want if the shareprice isn't responding to 35% plus free cashflow.
Any knowledgable input appreciated.