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Ann: MRM - Trading Update, page-24

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yanksrule64

115 Posts.

04/05/15

11:06

Post #: 15211132
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Originally posted by Aperry ↑

I suggested the suspension of dividend payments in return for a buy back a while ago. I would go further and suggest, if they can maintain profitability in the current environment, they should borrow to buy back shares. It's not often you can buy $1 for $0.50 and the risk profile of buying shares in a company you control is very low compared to expanding elsewhere. Execs seem to have a natural aversion to shrinking the size of businesses, but the end game is profitability per share and now is a magnificent opportunity to enrich long term shareholders at the expense of traders

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A, all for it and it seems to be the new trend. Not sure about adding debt though but cash and no divvy would be O.K. with me for now.

MRM Price at posting: 67.0¢ Sentiment: Buy Disclosure: Held
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