The Sandon Capital MD - MUST WATCH, page-20

Why should shareholder returns even be a priority? I’m not a board fanboy and I called out the farcical goings on on the morning before the CR trading halt, which concern me far more than any of this divvy bollocks. Imagine a board whose stated aim was growth & increasing the MC who said they wouldn’t even consider paying out a dividend? What’s the problem? Are they in some way not doing all they can for shareholders? Of course they are. It’s just that they will attract growth investors and those very different type of investors after an annual dividend can go elsewhere. Ask yourself, is KAR some kind of safe haven annual return retirement fund for those who just want to sleep peacefully???? Or is it a freakin’ oil explorer/producer cruising on the edge of life, living and dying by the sword? If you can’t stand the heat, get out of the kitchen.