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LouisDesyjr

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LouisDesyjr

Re: budmgd post# 6119

Tuesday, 01/24/2017 11:03:58 AM

Tuesday, January 24, 2017 11:03:58 AM

Post# of 18930
Cleaning up balance sheet

It seems that the last year or more they have been selling off all kinds of assets in order to hope to stay in business. Now that things maybe getting a little better, instead of building up some cash, they are running out and using it to pay a dividend.

Waiting a little to pay the dividend would not hurt that much, and might save them if things start going bad for them again.

Paying out the cash and then needed it later could cause all kinds of problems.

It just seems strange to be selling off assets to pay down debt and then they go ahead and pay out a dividend.

Louis J. Desy Jr.
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