Share count,DSU and PSUGood morning Micro
I have said it many times,you are and by far one of the best contributor to this board but
i have to make a small correction to your last post.
You are totally right when you write that the share base compensation(DSU and PSU)
will be a lot smaller(If the SP closes in the $15-$16 range).16.7 cents was the cost
in Q1.EPS would have been 63 cents in Q1
Q2 could be SPECTACULAR
Where i have to correct you is on the share count.
First DRX bought back 8.5% of the shares not 10% and secondly the share count will be 4.1%
lower for Q2 because share counts are calculated on average daily number of shares.
But 1n Q3, they are going to be 8.5% lower.Had the DSU and PSU not being a factor, these results
would have been 63 cents in Q2 and 69 cents in Q3
In any event, i am with you 100% on the share price appreciation going forward.
Once we get rid of the profit takers and they are
probably many, the stock will resume higher.
Lets not forget that in July of last year, the SP was still in the $3 area.
Many investors are sitting on huge profits and humain nature as it that they get
scared of loosing these tremendous gains.
It is not because the stock as gone 5 fold since the beginning of the year that it
can't double again.
J.F. Boursier told me that even after paying for the share count reduction,DRX
will have as much if not more cash in early 2025.
I am not a seller because the best is yet to come.In fact if the stock goes back in the $14,
i will add to my position.
Some did not like that the Paschini sold a small portion of their holdings.
I am not in that camp.I would have done the same thing.
The 3 of them have been with the company since 1979(45 years).
The stock went nowhere for years.Most of their wealth is tied in the company.
It is more than normal to see them take out a small portion for succession planning and other things
now that the stock is no longer in the doldrums.
Have a nice day.