RE:RE:Time to start buybacks
PlutusofCrete wrote: Is BNE restricted by the debt or debentures with respect to buybacks and dividends?
No, all restrictive covenants were gone after we paid back a significant loan last year...
Buybacks at this point do make sense, but they are trying to hit more debt in preperation for dividends and other shareholder returns (buybacks)... Very few companies do buybacks effectively, so it's no surprise they aren't making these moves in a low...
While the market is giving them little credit for debt reduction, they might as well put the debt to bed as best they can, giving flexibility in the future... I do wanna start getting paid again tho...