Comment by blindpigon Feb 08, 2025 5:20am
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Post# 36444025
RE:I still maintained that Akita will double in price in 2025
RE:I still maintained that Akita will double in price in 2025From Darcy's comments it would seem that fcf in the short term will continue to be used to pay down debt strengthening the balance sheet for possible growth opportunities. There was no mention about reinstating a dividend or share buybacks. I can't see them using their shares, that trade well below book value, to fund growth so they would need to borrow to fund any acquisitions. I guess if they found the right acquisition it could work, but I wouldn't want them loading up the balance sheet with debt or issuing shares. In that case, it would be better to start to buy their shares back or be themselves aquired by another service company.