Considering the history, cash generation, and balance sheet I think we could see another div announced later in the year unless I missed something about them more permanently stopping the practice.
I actually think Deep Down (or Deep Doo Doo as my daughter calls it) is worth looking at here. Listen to their Q1 CC on website around minute 36 and compare the 'backlog' numbers they mention vs the Q2 #s that were put out. Looks like they bumped from around $10 mill to around $17 mill I think and they had an almost $8 mill Q for Q2 so I'm thinking they are starting to show signs of sustainable profitability and higher revs. It's early with Q2 only one Q but think they may have finally found some solid footing.
I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog
