Trip, they can always use the money. First, they need to strengthen the balance sheet in order to avoid issuing more stock. So there goes $20M. Then they could probably use some for expansion or to accelerate growth. There goes another $20M. Then they need to see if they can repurchase some stock that is held by the JV partners. There goes another $5M. Then there is some debt to take care of. Another $5M. A special dividend of 10c, another $15M. And then they could use another $15M for a stock repurchase program.
Total? 20+20+5+5+15+15 = 80 millions. It doesn't take a genius to figure this out.
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