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Tower of Hanoi

05/01/19 7:10 AM

#25 RE: eastunder #23

Check the historical stock price following these big dividends. Very revealing.

MY OPINION ONLY!
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WallEye87

05/01/19 10:08 AM

#26 RE: eastunder #23

Thanks for the feedback. I agree that the writing was on the wall that a special dividend was forthcoming after the debt covenants were lifted.

I just did not think the market had already fully adjusted to a mention that the company intended to accumulate cash to pay a future special dividend up to a certain amount, contingent upon board approval. Additionally, I expected more movement with the future ex-dividend date. I thought it may bring new investors to the table & offer a window for some shorts to fill.