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thebigfunk

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thebigfunk

Re: velcro post# 72

Tuesday, 07/22/2014 12:06:32 PM

Tuesday, July 22, 2014 12:06:32 PM

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They already announced what they would do with the cash in the PR about the sale. $1 billion to pay off debts, the majority of the rest of the money will be a for a share buyback program and maintaining the dividend above $2 a share. The next dividend will actually be set at $2.20 a share as per the PR. Bargain at these prices with the dividend. Now if you are looking for a quick flip, buy at these prices and cash out when it hits $52-53 again like it does every year. This is all IMO so do your own DD as well.
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