Like I said in a previous post... and while others may not be of the same opinion. I do see the company at some point doing one or both of eventually starting a dividend. Once the share price reflects earnings multiple and growth potential as the company shelters profits using the NOL and lower corporate tax rate. I also think by doing the RS so institutional fund managers can buy for clients/mutual funds etc. the institutional holders and activist investors will push the board members in the direction of doing smart further M&A as well to grow the balance sheet/ earnings growth.
I am really looking forward to when we have a couple solid quarters under our belt and as Analysts initiate coverage we should get a much more clear P/E on the stock as the market will put a value on cash flows and where things will be as time goes on.
I may be wrong about the possible dividend down the road, but to me it makes sense as more big players and funds invest they might be the ones who ultimately push the company to do certain things in favor of not just growing the business, but also bringing more value to long term investors beyond just share price appreciation. Heck anything can happen. They may decide to use profits to buy back stock and retire some of the float or instead gobble up a whole slew of other companies that will vertically integrate with ours.
Of course everything I am saying is just speculation and a opinion, but I am excited to see where we are a couple years from now. To me once the market can determine a proper multiple on the stock based on future earnings growth etc. will the true price of the stock start to come into focus.
I for one am happy that soon many of those larger institutions and funds that have strict rules will soon be able to invest in the company. They tend to have a much longer time horizon than the average joe and will add a lot more stability. It will be nice to not have to deal with the manipulators and crooks so much after all these years. Facts like assets, earnings multiple etc will drive things which is a much needed and welcome change to what we have had to endure for so many years of the BK up until now.
So yeah looking forward to those kinds of material events to unfold and see where we are once the dust clears and we have a much more realistic view of our earnings potential through organic growth as well as future M&A etc. I am of the opinion after a few more earnings quarters things will visibly be different in a positive much more transparent way.
All in my opinion of course. Looking forward to continuing to hold as I personally am of the opinion that continued patience will ultimately bring about the most returns. AIMHO of course. :)
