Post by
Margin321 on Jan 11, 2023 6:53am
AVV has fallen out of favor
Unwise spending of $100 million to buy back shares at above market was not well received. Spending to same $190 million to fund a stable spall dividend for next 3-5 years would have been well received.
Question now is what they can do to get their mojo back. I suppose it has to start with 4th Q results being very strong. And some further progress at aentropy. And yes, changing gears and accepting that dividend is not a dirty word when there is no debt and excess free cash flow beyond sustaining and growth capital needs. That is a sweet spot to be in, but they are not taking full advantage of it. Of course the bright spot is that the current plan of using all free cash flow to buy in shares is even more effective if you trash the share price. So there is that.
Comment by
robert41 on Jan 11, 2023 8:31pm
They got the spanking they deserve and but still bought more at just over $9. I still believe in what they are doing with entropy I think it will be huge....I like the buy backs just not how they did it, they certainly need to do a better job at timing the market on their buys.
Comment by
RusticHit on Jan 19, 2023 12:38pm
Sold Bir at Jeffy pump and bought this turd as some one put large sell order and sleeping on 8.75 lets see how it goes though looks like DD money