"I'm now convinced you ARE short, rato."
I understand that you're long and that you want to make money for yourself. That's the greed in all of us, long or short. But you need to check your ego and your emotions at the door.
Unlike you, I have no position in this stock. I'm not salivating for it to go up or down. That's probably why I can see the situation a little more clearly--and calmly--than you can.
In a word, chill. Otherwise, don't make posts to me.
"Without growth, in 5 years the competition will have grown yet CCME will have stood still."
For the last 4 years, CCME has only spent $16MM on growth. If what you say is true, then how have they managed to do so well?
Why aren't they standing still? The reason is that they have a business that doesn't require excessive capex or cash reinvestment. It's a cash cow of sorts. That's why they can afford a strong dividend, whereas a tech startup may not be able to.
No one can dispute the fact that a strong dividend would help the stock and the company right now. If you think 100% is too much, then fine. 50%. That's 1.50 per share per year. The company has multipled earnings 10X while investing only $16MM of operating cash inflow over the last 4 years. Surely you will agree that the company won't all of a sudden start losing market share if we up that budget to $70MM, half of 2011 net income, and also add the $200MM that's already in the bank collecting dust.
AI
