SDVI is great. Go SDVI. This message is totally on-topic.
Go SDVI go. Do a share buyback instead of a cash dividend as buybacks are not taxed, dividends are. Go SDVI go.
Saredi
PS
(Now that that's over with, Phunnibone, to answer your question(I'm a free member, can't answer any other way but public:): buybacks can be done in two ways. At market prices or at a premium. If done at a premium to market rates, this will raise the PPS to whatever the new level is the company thinks its worth (not often do they do this though). At market prices, it just provides a bottom at the current prices and the only thing that will increase PPS is shareholders aggressively buying it up as a result. So, if no one is buying the stock cuz it sucks and you institute a buyback, its not guaranteed that anyone will decide to buy the stock afterwards and the PPS will remain rather than increase. Also, executive compensation in many companies are tied to EPS (earnings per share), so some unscupulous managers will do a share buyback in order to reduce the Outstanding shares so that the 1M in profits they had are divided by less shares and their EPS goes up and they get their big bonuses for being 'great managers'. Buybacks are also a good way to blow money before an IPO to get a greater amount of cash given to you, as well hold off hostile takeovers by making yourself look like a less attractice target (people like taking over companies with lots of spare cash as they then use the victims cash to cover the bill of buying out the victim...vicious!). The company in question you were referring to appears to be buying back shares at a non-premium so will not greatly impact the PPS, and they are also 'borrowing' money to do the buyback...normally you use your own cash for it...not a good sign particularly. They also apparently have 10 Billion outstanding shares...if you are invested, get out, and get in the canadian JV partner of theirs instead; better stock, better company and insider buying)
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