SandRidge Energy Inc (SD)

[jtomm]

Looks like about $5.50 per share cash. PR made no mention of buyback or dividend. I'd think you could do a one-time dividend of $2 or $2.50 and still have plenty of cash for operations and a safety buffer. Or even just $1 -- something.

Will be interesting earnings call becuz I'm sure they'll be asked. Maybe they'll say they're considering an acquisition or something like that, who knows.

I'm all for companies being conservative and not operating on debt, etc. But I also recall a quote from Peter Lynch's book. I believe he was quoting Hugh Liedtke of Pennzoil who said he believed in the "bladder theory" of corporate finance: the more cash that builds up in the company bank account, the greater the pressure to piss it all away.