Nuttalis in favor of a base dividend as well as buy backs.. his reason is the same as mine that, by introducing a small base divi it will bring more investors to the stock which the sector could use.
He also talks about re-ratings as a result of buybacks and prefers them at this point until the re-rating takes place.. problem is I've been hearing him talk re-rating for a long time now.. and the sector doesn't seem to be getting that consideration yet.. will it ever is what I'm beginning to wonder..???