By reinvested do you mean buy backs because that is what they are doing...
If you mean they should scrap the divvy to increase the buybacks while they are so far below book value then I agree with that.
If you mean heavily invest in new equipment I'm not a fan. Their current strategy is perfect in my mind already. Slowly sell off the old equipment drive utilisation of newer over 80%. Deliver strong cashflows and buyback stock at way below book value. Shareholders will be very happy. Don't need to do anything complicated here. Newer equipment should be easier to pick up in the future as the manufacturers find demand drop due to construction companies going under. Why not wait until the price drops further before purchasing.
No divi wanted, page-2
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