Just got off the phone with this guy, (see below) who confirms Bob is looking around for an acquisition, but what can he really acquire that fits what they do?
As to stock buybacks, Bob has been talking about that for some time, we've yet to see it happen.
What I want is a dividend. That way I get not only some return on my investment but quite likely some price appreciation based on a potential rising dividend return.
Virtra is never going to be a conventional growth stock, they cannot deliver quarter over quarter sales and earnings growth. But they are a cash cow, so why not take advantage of that and start paying dividends?
8 cents a share for starters yields about 8% yield at current prices, the SP 500 yields 1.9%. Pay that and they still have boatloads of cash left over.
Charlie Schumacher
Analyst | Liolios | Investor Relations
Main 949.574.3860 | charlie@liolios.com
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