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eastunder

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eastunder

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Re: Seminole Red post# 360

Tuesday, 01/24/2012 1:48:50 PM

Tuesday, January 24, 2012 1:48:50 PM

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One would think.

This is how they explained the reasoning behind it...

"As our current cash position exceeds the Company's short-term needs and we continue to generate strong free cash flow from operations, we are happy to announce this special dividend in an effort to return value to shareholders," said Mr. Alan Tan , Chairman and CEO of Shanda Games . "We intend to continue to make investments in our businesses and maintain our position as a leading innovator in the industry. We are confident in our long-term growth potential and ongoing ability to increase shareholder value."




I'm sure some insiders were pretty happy with the DIV?

“Last year people won more than one billion dollars playing poker. And casinos made twenty-seven billion just by being around those people”

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