I have emailed Sam and management a note imploring management and the board to consider initiating a quarterly dividend to begin returning cash to shareholders that has been built from the past several years of strong financial performance.
The company could easily afford a $0.10 annual dividend (implying a 9% yield) while continuing to invest in the business and building cash on the balance sheet.
I think it would be great if other shareholders could reach out to the Company with similar requests. Maybe if enough of us pressure the company, they'll consider taking some action to align the market value of their business with its intrinsic value.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.