KAR 1.63% $1.81 karoon energy ltd

Ann: Letter to Shareholders, page-28

  1. 800 Posts.
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    FWIW I think the activist will lose this battle, because the managers of OPM don't care. They'll get a first strike and then get cleared out next year.

    At current prices, I actually don't want any (unfranked) dividends. Just go hard on buybacks until the price is neutral with whatever acquisitions they have in mind.
 
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