Fair enough but with current cash hoard and more cash gushing in in subsequent quarters, I think we can have our cake (have enough cash-on-hand for growth development) AND make the stock more attractive with some predictable, steady capital returns. My preference would be a 5% buyback if shares are suitably low (say 30s) and otherwise (40s or higher), a moderate dividend at 5%. Everybody wins. Just feels that management is unnecessarily cagey about what to do going forward. Nevertheless, I’m not worried they’ll do anything silly. They know what they’re doing.
MLX Price at posting:
46.0¢ Sentiment: Buy Disclosure: Held
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