RE:RE:RE:Special DividendYour numbers are correct, I would rather be conservative. I took 25% off the top and then rounded 11% down to 8-10%. Stuff happens and planning on everything working out means I miss actuals. Last time I looked I think they were on pace for around a 9.4% stock repurchase over a 12 month period and who knows what will happen with free funds flow and stock price.
End of the day I expect/hope for a nice dividend increase in Q3/4 and I am happy with the current dividend yield. SP will increase at some point, but this is a stock I am happy to hold until then.
Olliethegoalie wrote: some good points. I think that a 5% increase in production should increase freecash flow by more than 5% shouldn't it? The fixed costs stay about the same. The amount they buy back will also increase cash flow per remaining share. If they buy back 10%, the cashflow per share should increase 11%, correct?